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19144176
29974680

857 S Main St, Salt Lake City, UT 84111

GC
UT UT 5450769-PB00
Gabe Chadsey
SN
UT 5967598-SA00
Utah Real Estate
Listed by Gabe Chadsey, Utah Real Estate
$5,350,000
688 days on market
Updated 1 day ago
Opportunity zone

Main Street Retail Building Campus

Details
Property Type Office, Retail
Sub Type Bar, Restaurant (+1)
Square Footage 16,550
Net Rentable (SqFt) 16,550
Units 2
Cap Rate 8.11%
NOI $433,832
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $323
Year Built 1947, 2015, 2020
Year Renovated 2020
Buildings 2
Stories 3
Acreage 0.470
Zoning D2
Sale Condition For sale by owner

FANTASTIC RETAIL CAMPUS IN DOWNTWON SLC

Marketing description

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. 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.

Investment highlights

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.

Listing Contacts

GC
UT UT 5450769-PB00
Gabe Chadsey
SN
UT 5967598-SA00
Utah Real Estate
Listed by Gabe Chadsey, Utah Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$433,832.00
$36,152.67/mo

Valuation Metrics

0
DSCR
8.11%
Cap Rate
8.11%
ROI

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Additional Information

Name
Gabe Chadsey
License
5450769-PB00
Title
Broker of Record
Name
Gabe Chadsey
License
UT 5450769-PB00
Brokerage Phone
8012059030
Name
Sean Neves
License
5967598-SA00
Brokerage
Uterra Properties
Brokerage Phone
801-205-9030
Title
Sales Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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