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3424 S State St
Salt Lake City, UT 84115
Retail Property For Sale
Investment Highlights
- Business and Real Estate Opportunity - Value Add
- Located in a High Barrier to Entry Market with High Income and Strong Market Fundamentals
- R&F Mart Building Built in 2020 – Cost $5,900,000 including over $650,000 in Coolers and Freezers
- 100% Leased at Below Market Rents
- R&F Mart – Salt Lake City’s Largest Asian Supermarket Wholesale and Retail Grocery Store – 2022 Revenue just under $25,000,000
- China Town Plaza over $740,000 in updates and upgrades since 2019
Property Facts
Property Type
Retail
Property Subtype
Building Size
60,200 SF
Building Class
C
Year Built/Renovated
1968/2019
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
3.47 AC
Zoning
CC
Parking
100 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
62’ on S State St
Amenities
- Bus Line
Property Taxes
| Parcel Number | 16-30-353-013-0000 | Improvements Assessment | $5,858,100 |
| Land Assessment | $4,620,700 | Total Assessment | $10,478,800 |
Property Taxes
Parcel Number
16-30-353-013-0000
Land Assessment
$4,620,700
Improvements Assessment
$5,858,100
Total Assessment
$10,478,800
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