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Church & State Marketplace 370 S 300 E 21,328 SF 100% Leased Office Building Salt Lake City, UT 84111 $6,200,000 ($290.70/SF) 3% Cap Rate
Investment Highlights
- Prime Downtown Salt Lake City Location
- Historic Landmark Asset
- Community-Centric Destination
- Walkable Urban Core | Strong Daytime & Residential Density
- Adaptive Reuse
- 2034 Olympics Catalyst
Executive Summary
• Originally constructed in 1893 and thoughtfully renovated in 2007, Church & State is one of downtown Salt Lake City’s most iconic and irreplaceable assets. Its historic brick construction, soaring ceilings, and distinctive architecture cannot be replicated by new development at any price.
• The property operates as a curated, multi-tenant marketplace featuring local artisans, wellness practitioners, food and beverage operators,
and independent retailers — a format that continues to outperform as consumers prioritize authentic, experiential destinations over conventional retail. This tenant diversity creates natural resilience against leasing volatility.
• The property operates as a curated, multi-tenant marketplace featuring local artisans, wellness practitioners, food and beverage operators,
and independent retailers — a format that continues to outperform as consumers prioritize authentic, experiential destinations over conventional retail. This tenant diversity creates natural resilience against leasing volatility.
Property Facts
Sale Type
Investment
Property Type
Building Size
21,328 SF
Building Class
C
Year Built
2007
Price
$6,200,000
Price Per SF
$290.70
Cap Rate
3%
NOI
$186,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,109 SF
Building FAR
2.23
Lot Size
0.22 AC
Zoning
TSA-UC
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-06-328-026-0000 | Improvements Assessment | $1,390,700 |
| Land Assessment | $779,100 | Total Assessment | $2,169,800 |
Property Taxes
Parcel Number
16-06-328-026-0000
Land Assessment
$779,100
Improvements Assessment
$1,390,700
Total Assessment
$2,169,800
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Church & State Marketplace | 370 S 300 E
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