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Retail Campus For Sale 2 Retail Properties Offered at $5,350,000 in Salt Lake City, UT
Investment Highlights
- Prime retail trade area
- High quality recent construction
- Multi tenant possibilities
Executive Summary
This unique property features 2 buildings on .47 acres in a prime retail trade area in south downtown Salt Lake City. The buildings were fully renovated in 2015 with additional new construction in 2020. Currently a brewery, restaurant, pub and corporate offices. The business is relocating, creating a unique opportunity to reposition the asset and establish a multi-tenant project. Located in an Opportunity Zone with D2 zoning and within the SLC Community Re-investment Area “State Street” project area, the site is ideally located to capture visitors from the CBD, the Salt Lake valley and areas outside of SLC. The site is 1/2 block away from an upcoming flagship hospital development in a thriving section of Salt Lake City’s core.
Property Facts
| Price | $5,350,000 | Number of Properties | 2 |
| Price / SF | $323.26 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 16,550 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.47 AC |
| Status | Active |
| Price | $5,350,000 |
| Price / SF | $323.26 / SF |
| Cap Rate | 8% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,550 SF |
| Total Land Area | 0.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 865 S Main St, Salt Lake City, UT 84111 | Retail | 9,455 SF | 2016 | - |
|
Proper Burger and Brewery
857 S Main St, Salt Lake City, UT 84111 |
Retail | 7,095 SF | 1925 | - |
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