Plaza 700 Office Building
Great investment opportunity in the middle of the Salt Lake Valley!
Marketing description
Strategically located in the heart of Salt Lake County’s Millcreek neighborhood, this two-story office building offers a compelling opportunity for owner-users or investors seeking a stabilized asset in a growing submarket.
Originally built in 1986 and thoughtfully renovated in 2022, the ±4,944 SF building features four private offices, flexible multi-tenant layouts, and 25 on-site parking spaces. The property sits on 0.34 acres and benefits from R-M/zc zoning, allowing for a range of professional uses.
With easy access to 700 E and proximity to Interstate-15 and Interstate-215, along with key business corridors, the Millcreek Office Building provides both visibility and convenience—positioning it as a turnkey solution for users seeking immediate functionality and long-term upside in Salt Lake City’s expanding metro.
Investment highlights
-100% leased
-Current CAP 5.37% - Opportunity to improve
-Rents are well below market rent, opportunity to increase rents
-Month to month and Medium-Short term leases in place
-Ample parking
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