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1315 W 500 N
Salt Lake City, UT 84116
Retail Property For Sale


Executive Summary
Excellent opportunity to acquire a cash-flowing commercial property with an established operating business. This location is part of a four-property laundromat portfolio in Salt Lake County offered at $6,175,000. Investors may purchase individual locations or inquire about the full portfolio. Each laundromat in the portfolio has been recently renovated and equipped with modern, high-efficiency machines featuring integrated management software that allows owners to monitor performance, usage, and operations remotely from a smartphone or computer with an internet connection. All locations are positioned in high-traffic neighborhoods across Salt Lake County, providing strong customer access and consistent demand for self-service laundry. This specific listing is located in the Rose Park area of Salt Lake City, serving a dense residential population with steady laundry demand. Portfolio structure: • Four total laundromat locations • Two owner-occupied properties included in the sale • Two leased locations with long term lease terms and extension Additional portfolio listings: • MLS 5312835 • MLS 2137580 • MLS 5314876 • MLS 5316827 This opportunity may appeal to investors seeking stable cash flow, entrepreneurs entering the laundromat industry, or experienced operators looking to expand an existing portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,214 SF
Building Class
C
Year Built
1950
Price
$1,700,000
Price Per SF
$767.84
Cap Rate
10.60%
NOI
$180,223
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CN
Parking
6 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Number | 08-35-151-008-0000 | Improvements Assessment | $638,300 |
| Land Assessment | $106,900 | Total Assessment | $745,200 |
Property Taxes
Parcel Number
08-35-151-008-0000
Land Assessment
$106,900
Improvements Assessment
$638,300
Total Assessment
$745,200
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