971 Margaret Ave Salt Lake City, UT 84104-2211

Property Details for 971 Margaret Ave

Lot size

0.06 lot acres

Zone code

M-1

Property type

Industrial properties

APN

15-14-404-026

APU

1514404026

Description

This exceptional 2,522-square-foot industrial property, located at 971 Margaret Ave in Salt Lake City, Utah, presents a compelling owner-user opportunity. Boasting a highly desirable M-1 zoning classification, this single-story, 1957-built building offers versatility for a range of industrial, manufacturing, or business uses. The property features a blend of warehouse and office space, complemented by a fenced yard providing ample additional space. Practical features include a 16-foot roll-up overhead door and three-phase power. Situated on a 0.24-acre lot (APN 15-14-404-003), this Class B property is conveniently located near major freeway access points, ensuring efficient transportation logistics. The asking price is $1,500,000 ($594.77 per square foot), and the property is available for occupancy on August 13, 2024. Seller financing may be available with negotiable terms, potentially including a 20% down payment, a 6.5% interest rate, amortized over 25 years with a 10-year balloon payment. Monthly payments could be approximately $8,102.49, subject to negotiation. This is a rare opportunity to acquire a well-located, functional industrial property in a thriving Salt Lake City market.