56 Broadway, Salt Lake City, UT 84111-2232
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.
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MGA Crisis Intervention Medical Clinic
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Choice Medical Healthcare Medical Supply Store
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Vibe Broadway Business Service Center Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D-1 · Salt Lake City, UTSalt Lake City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.