470 S 900 E 9,047 SF Retail Building Salt Lake City, UT 84102 $3,629,527 ($401.19/SF) 5.50% Cap Rate

BUILDING SPECS
470 S 900 E is a distinctive commercial asset located in the heart of Salt Lake City. Originally constructed in 1941 and thoughtfully renovated in 2019, the ±9,047 square foot building features approximately 6,107 square feet on the main level and 2,940 square feet on the mezzanine. The structure showcases dramatic barrel-vaulted ceilings, exposed brick, and steel elements, creating a highly attractive environment for retail, office, or experiential users seeking character-rich space.
FORMER TENANT: MOOSEJAW
Moosejaw no longer occupies the building but is still paying rent through February 2028. Future opportunities for investors to allow single or subdivied tenancy.
FLEXIBLE ZONING & ADAPTIVE REUSE POTENTIAL
The property’s C-2 zoning supports a broad range of commercial uses, including retail, restaurant, creative office, brewery/distillery, and specialty service concepts. The building’s open floor plan, high ceilings (approximately 23 feet), and architectural character provide flexibility for single-tenant occupancy or a curated multi-tenant configuration. Its unique design lends itself well to experiential and brand-driven operators.
STRATEGIC LOCATION
The property is positioned along the 900 East corridor, just north of the highly desirable 9th & 9th district and in close proximity to both University of Utah and Trolley Square. This central location benefits from strong surrounding demographics, established neighborhood retail, and convenient access to major transportation routes. The area continues to experience sustained residential growth and increasing demand for well-located commercial space.
TRADE AREA GROWTH & ECONOMIC STRENGTH
The Salt Lake City trade area continues to experience steady population growth, rising household incomes, and sustained job creation. Proximity to major employment centers such as the University of Utah supports strong daytime population and consumer demand. Ongoing residential development and mixed-use investment in the surrounding neighborhoods further reinforce long-term stability and growth potential for well-located commercial assets.