56 Broadway Salt Lake City, UT 84111-2232
Property profile & analytics
56 Broadway Salt Lake City, UT 84111-2232
- Investment properties
- 51,975 SF
- 0.17 lot acres
Property ID
US86-0517168
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- MGA Crisis Intervention / Medical Clinic
- Choice Medical Healthcare / Medical Supply Store
- Vibe Broadway / Business Service Center / Corporate Office
Property Details for 56 Broadway
- Year built
- 1910
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 lot acres
- Property size
- 51,975 SF
- Zone code
- D-1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 16-06-153-006
- APU
- 1606153006
Description
This iconic Salt Lake City property, Vibe Broadway (56 E Broadway, 84111), offers 53,636 square feet of prime commercial space, currently 100% occupied. The seven-story building, originally constructed in 1910 and effectively rebuilt in 2002, boasts a blend of restaurant and creative office space. The ground floor features retail/entertainment space, while five upper floors provide flexible creative office layouts. Modern architectural features include exposed brick, high ceilings, and large windows, creating an open and inspiring work environment. Amenities include a brand new on-site fitness center and a rooftop patio offering panoramic downtown views. Multiple fiber providers ensure high-speed connectivity. The building's convenient location is within minutes of the TRAX light rail station and close to the Salt Palace Convention Center, City Creek Center, hotels, restaurants, and the Delta Center Arena. The property sits on a 0.17-acre lot and is zoned D-1. The asking price is $7,200,000, representing a price per square foot of $134.24. The current market lease rate is $22.75 per square foot full-service ($15.00 NNN equivalent). This exceptional property presents a unique investment opportunity in the heart of a thriving downtown area. Its rich history, combined with modern amenities and a prime location, makes it an ideal investment for discerning buyers.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,045,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,231,000
Market price range: $1.55M - $5.73M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.889
- Latitude
- 40.7624
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$66,975
$685,800
$6,088,900
$6,774,700
-
$685,800
$6,088,900
$6,774,700
