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123 S Jeremy St 2,735 SF Retail Building Salt Lake City, UT 84104 $774,500 ($283.18/SF)



Investment Highlights
- Mixed Use - Retail/Office Property in SLC
- Unique Opportunity for Multiple Uses
- Potential for discussions regarding additional adjacent land/parking expansion for boutique hospitality, mixed-use, or redevelopment concept
- MU-5 Zoning
- Adjacent to an established event venue, café, and arts campus with proven programming history
- Leasing option is available
Executive Summary
Rare live/work opportunity to acquire or possibly lease this flexible mixed-use commercial properties consisting of two(2)buildings, just one mile from downtown Salt Lake City. Property includes +/-2,693 square feet across two separate structures on 0.16 acres, featuring a +/-1,493 SF retail/mixed-use building and a +/-1,200 SF detached studio/workspace currently utilized as a dance studio. The layout supports a wide range of uses including retail, showroom, studio, light production, or service-based operations. Outdoor area may support parking, storage, or expanded use (buyer to verify).Parking may be obtained by city approval and the installation of curb cuts and approach.
Its configuration also presents potential for a live/work environment (buyer to verify), appealing to owner-users seeking both visibility and functional workspace.
MU-5 Zoning Allows for re-development opportunity as well.
Existing parcel is adjacent to an established event venue, café, and arts campus with proven programming history. For qualified buyers, seller may consider discussions regarding additional adjacent land/parking expansion for boutique hospitality, mixed-use, or redevelopment concepts. Buyer to verify all zoning, parking, and development feasibility.
All information provided as a courtesy. Buyer to verify.
Its configuration also presents potential for a live/work environment (buyer to verify), appealing to owner-users seeking both visibility and functional workspace.
MU-5 Zoning Allows for re-development opportunity as well.
Existing parcel is adjacent to an established event venue, café, and arts campus with proven programming history. For qualified buyers, seller may consider discussions regarding additional adjacent land/parking expansion for boutique hospitality, mixed-use, or redevelopment concepts. Buyer to verify all zoning, parking, and development feasibility.
All information provided as a courtesy. Buyer to verify.
Property Facts
Sale Type
Owner User
Property Type
Building Size
2,735 SF
Building Class
C
Year Built
2015
Price
$774,500
Price Per SF
$283.18
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
MU-5 - See attached zoning information.
Frontage
47’ on Jeremy St
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-02-232-008-0000 | Improvements Assessment | $87,500 |
| Land Assessment | $160,300 | Total Assessment | $247,800 |
Property Taxes
Parcel Number
15-02-232-008-0000
Land Assessment
$160,300
Improvements Assessment
$87,500
Total Assessment
$247,800
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123 S Jeremy St
