25 E Kensington / Multi Tenant Retail Investment
Mixed Use | 6.50% CAP | 8,200 SqFt
Marketing description
MULTI-TENANT RETAIL INVESTMENT
Price: $2,500,000.00
-CAP Rate: 6.5%
-8,200 SF - 2 Buildings
.3 of an acre
-Off Street Parking
-7 Tenants
-Income:
$197,778.00 Gross
$163,193.00 Net
-Recently Renovated
-Zoning: Commercial Corridor
-Located Near SLCC and Ballpark
-Major Redevelopment Projects Nearby
Investment highlights
A turnkey retail investment opportunity in Salt Lake City's thriving Ballpark neighborhood. This 8,200 SF multi-tenant property is 100% occupied with 7 established tenants — including a café, barbershop, tattoo studios, massage, and a lounge — generating $163,193 in annual NOI on gross rental income of nearly $198,000. Major capital improvements have already been completed, offering investors stabilized cash flow with minimal near-term capex concerns. Off-street parking, MU-11 zoning, and a walkable location minutes from Downtown SLC make this an attractive long-term hold in a neighborhood seeing continued residential and commercial growth.
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