1345 S Main and 1337 S Main for Sale 2 Retail Properties Offered at $3,450,000 in Salt Lake City, UT

Executive Summary
An exceptional opportunity to acquire a strategic commercial corner portfolio in one of Salt Lake City’s fastest-growing corridors. Situated directly in the Ballpark Station Area, this offering combines in-place Triple-Net (NNN) cash flow with a vacant, highly flexible commercial building ideal for an owner-user or value-add redevelopment.
Offered together as a combined assemblage or available individually, this package provides immediate income while holding prime land zoned for high-density mixed-use development.
Property Breakdown
1. 1345 South Main Street (Vacant Commercial / Development Site)
- Building Size: 7,085 SF Ground Footprint | Up to 10,087 SF Total Usable Area (Includes Mezzanine/Loft)
- Land Area: 10,087.5 SF (0.23 Acres)
- Status: Vacant / Turnkey for Owner-User or Value-Add Lease-Up
- Zoning: Form-Based Mixed-Use 8 (MU-8) / Commercial Corridor (CC)
Key Features: Open clearspan showroom floor, rear office suite & breakroom, dedicated carport/loading area, and flexible front/side entry access. Ideal for retail, boutique fitness/gym, creative office, showroom, or event space.
2. 1337 South Main Street (Single-Tenant NNN Retail)
- Building Size: ~1,900 SF
- Tenant: Leased to Shell Roni
- Lease Structure: Absolute NNN (Zero Landlord Expense Drag)
- Net Operating Income (NOI): ~$51,750 Annual NOI
Key Improvements: Updated Mechanicals including a newly installed HVAC system. Provides immediate, hands-off income to offset holding costs or bolster overall portfolio yield.
Investment & Location Highlights
- Transformative Location: Positioned across the street from Smith’s Ballpark, a 14+ acre site currently undergoing city-led adaptive reuse and urban revitalization into a sports, cultural, and mixed-use anchor district.
- Transit-Oriented Zoning (MU-8 Overlay): Under Salt Lake City’s Ballpark Station Area Master Plan, the MU-8 form-based zoning district supports high-density vertical mixed-use development (up to 8 stories by right) with favorable urban parking standards.
Multiple Exit Strategies:
- Owner-User: Occupy 1345 S Main for your business while receiving steady monthly NNN rent from 1337 S Main.
- Value-Add Investor: Lease out 1345 S Main at market retail/flex rates (~$18–$24/SF NNN) to maximize total portfolio income.
- Covered Land Redeveloper: Collect existing income from 1337 S Main while planning a high-density mixed-use project across both parcels.
Unmatched Visibility & Transit Access: Prime exposure along South Main Street, minutes from Downtown Salt Lake City, I-15, and the 1300 South Ballpark TRAX Light Rail Station.