Log In/Sign Up
Your email has been sent.
651-655 S State Portfolio 2 Retail Properties Offered at $6,000,000 in Salt Lake City, UT
Investment Highlights
- Located in a QCT Zone
- Approximately 58' of frontage on State Street
- Zoned D-2
- 17 on site parking stalls
Executive Summary
Prime redevelopment opportunity located on busy State Street in Downtown Salt Lake City, Utah. All leases are shorter term, longest term expires 5/31/2028. NOI is around $63,000, building 665 is occupied, however tenant is only paying $600 per month for 8,280 SF and is month to month. Landlord pays property taxes, property insurance, water and sewer. Property consists of 3 parcels totaling 0.49 acres and buildings total approximately 16,000 SF.
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$373,584
|
| Other Income |
$3,960
|
| Vacancy Loss |
$18,877
|
| Effective Gross Income |
$358,667
|
| Taxes |
$16,925
|
| Operating Expenses |
$5,300
|
| Total Expenses |
$22,225
|
| Net Operating Income |
$336,442
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $373,584 |
| Other Income | |
|---|---|
| Annual | $3,960 |
| Vacancy Loss | |
|---|---|
| Annual | $18,877 |
| Effective Gross Income | |
|---|---|
| Annual | $358,667 |
| Taxes | |
|---|---|
| Annual | $16,925 |
| Operating Expenses | |
|---|---|
| Annual | $5,300 |
| Total Expenses | |
|---|---|
| Annual | $22,225 |
| Net Operating Income | |
|---|---|
| Annual | $336,442 |
Property Facts
| Price | $6,000,000 | Number of Properties | 2 |
| Price / SF | $385.46 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 15,566 SF | |
| Sale Type | Investment | Total Land Area | 0.38 AC |
| Status | Active |
| Price | $6,000,000 |
| Price / SF | $385.46 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,566 SF |
| Total Land Area | 0.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 665 S State St, Salt Lake City, UT 84111 | Retail | 8,280 SF | 1929 | - |
| 657 S State St, Salt Lake City, UT 84111 | Retail | 7,286 SF | 1928 | - |
1 1
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
651-655 S State Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.