Property summary
This exceptional 3,000 square foot retail space at 55 N. Redwood Road in Salt Lake City, Utah, presents a unique opportunity. Currently configured as a restaurant, this turnkey storefront is ideal for a variety of uses, thanks to its CC zoning. The space is available for sublease with a lease expiration date in 2026. The property boasts a newly remodeled exterior, enhancing curb appeal and attracting customers. Ample parking is available for patrons and employees, a significant advantage in a busy urban area. The location benefits from high visibility due to its Redwood Road frontage, ensuring excellent exposure to potential customers. Note that the existing Somali restaurant business, including all equipment, is also available for purchase at $250,000. This turnkey setup offers a significant advantage for a buyer looking for an immediate start. The minimum divisible space is 3,000 square feet, and the maximum contiguous space available is also 3,000 square feet. This property is perfect for an established business seeking expansion or a new venture looking for a ready-to-go location in a thriving Salt Lake City neighborhood. The zip code is 84116.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Clothing Store
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Restaurant
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Bank Credit Union
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CC · Salt Lake City, UTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Salt Lake City, UT.
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Find the owner behind the property.
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