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894 E 3900 S 10,289 SF 100% Leased Retail Building Salt Lake City, UT 84107 $2,750,000 ($267.28/SF)
Investment Highlights
- Flexible Investment, Repositioning, Redevelopment, or Owner-User Opportunity
- Compelling Retail Repositioning Opportunity
- Prime Millcreek Setting
Executive Summary
Cushman & Wakefield is pleased to present 39th South Retail (the “Property”), a retail strip center opportunity located at 894 East 3900 South in Millcreek, Utah. While the Property is currently fully leased on paper, multiple tenants have expressed a willingness to terminate their leases. This creates meaningful flexibility for new ownership to shape the Property’s future tenancy, pursue a market-driven lease-up strategy, or accommodate owner-user occupancy. Importantly, these requests are driven by lease-specific circumstances and are not indicative of weak retail fundamentals or diminished demand for the location. Lender financing is available.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,289 SF
Building Class
C
Year Built/Renovated
1961/2003
Price
$2,750,000
Price Per SF
$267.28
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.91 AC
Zoning
Commercial
Parking
63 Spaces (6.12 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-32-376-007-0000 | Improvements Assessment | $557,000 |
| Land Assessment | $1,057,000 | Total Assessment | $1,614,000 |
Property Taxes
Parcel Number
16-32-376-007-0000
Land Assessment
$1,057,000
Improvements Assessment
$557,000
Total Assessment
$1,614,000
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894 E 3900 S
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