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1169-1185 S State St 2 Properties Offered at $2,000,000 in Salt Lake City, UT
Investment Highlights
- Heavy State Street traffic
- Great access to I-15 via 1300 South
- Walkable distance to 1300 South TRAX Station
- Great access to I-80 via State Street
Executive Summary
Prime opportunity to purchase an income generating land bank investment. This opportunity provides an investor/developer the luxury of enjoying the secure cashflow from the project while they complete the entitlement process. The property is zoned MU-5 which allows for high-density, multi-story developments (typically up to 5 stories) incorporating street level retail/office and upper-level multi-family housing.
Seller willing to provide more detailed financials upon prospective buyer signing an NDA.
Seller willing to provide more detailed financials upon prospective buyer signing an NDA.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$170,371
|
| Other Income |
$5,861
|
| Vacancy Loss |
$5,287
|
| Effective Gross Income |
$170,945
|
| Taxes |
$7,896
|
| Operating Expenses |
$42,830
|
| Total Expenses |
$50,726
|
| Net Operating Income |
$120,219
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $170,371 |
| Other Income | |
|---|---|
| Annual | $5,861 |
| Vacancy Loss | |
|---|---|
| Annual | $5,287 |
| Effective Gross Income | |
|---|---|
| Annual | $170,945 |
| Taxes | |
|---|---|
| Annual | $7,896 |
| Operating Expenses | |
|---|---|
| Annual | $42,830 |
| Total Expenses | |
|---|---|
| Annual | $50,726 |
| Net Operating Income | |
|---|---|
| Annual | $120,219 |
Property Facts
| Price | $2,000,000 | Status | Active |
| Price / SF | $341.53 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 5,856 SF |
| Sale Type | Investment | Total Land Area | 0.49 AC |
| Price | $2,000,000 |
| Price / SF | $341.53 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,856 SF |
| Total Land Area | 0.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Uptown Motel
1185 S State St, Salt Lake City, UT 84111 |
Hospitality | 4,972 SF | 1987 | - |
| 1169 S State St, Salt Lake City, UT 84111 | Office | 884 SF | 1923 | - |
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1169-1185 S State St
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