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30885531
30885532

312 E S Temple St, Salt Lake City, UT 84111

LP
UT UT 5594649-SA00
Newmark Mountain West
JH
UT UT 8672190-SA00
Newmark Mountain West
Listed by Newmark Mountain West
$5,500,000
86 days on market
Updated 7 days ago

South Temple Office Building

Details
APN 16061280100000
Property Type Office, Special Purpose
Sub Type Creative Office, Executive Office (+1)
Square Footage 11,661
Net Rentable (SqFt) 11,661
Cap Rate 6.50%
NOI $338,684
Occupancy 100%
Tenancy Single
Price per SqFt $472
Class B
Year Built 1953
Year Renovated 2018
Buildings 1
Stories 3
Acreage 0.530
Zoning R-MU
Parking Spaces spaces
Investment Type Owner/User

For Sale: Newly Renovated South Temple Office Building in Downtown SLC

Marketing description

Newmark Mountain West is proud to present 312 E. South Temple as an Investment or Owner/User Sale.

PROPERTY OVERVIEW

312 E. South Temple is located in the heart of Downtown Salt Lake City, one of the Mountain West’s most dynamic urban cores. This office benefits from high walkability and proximity to major civic, cultural, and business amenities, including the Salt Palace Convention Center, Vivint Arena, theaters, hotels, and premier retail and dining destinations, making it an attractive locations for office users and investors. The asset is a three-story office building with approximately 11,661 square feet of space, configured with flexible floor plans and quality build-outs, including conference rooms, private restrooms, exposed ceilings, and modern amenities. There are 35 parking stalls on site, allowing for convenience.

DOWNTOWN REDEVELOPMENT

Downtown is attracting mixed-use and office growth, with transit-oriented strategies pairing commercial space with residential and retail amenities. The city’s planning initiatives, including the Downtown Plan and Rio Grande District vision, emphasize walkability, connectivity, and economic development as catalysts for future investment activity.

GROWTH AREA

Salt Lake City is the most populous city in Utah and a central hub of the Salt Lake City metropolitan area (approx. 1.3 M people). The city itself has an estimated population of ~217,000 in 2026, reflecting continued growth of roughly 2–3 % annually. The city prides itself on its young professional demographics bringing stronger business and economics to the area.

SURROUNDED BY MAJOR ATTRACTIONS & SHOPPING AREAS

The property is is located near several of Downtown Salt Lake City’s key destinations, including the Utah State Capitol, Temple Square, City Creek Center, The Gateway, and the Salt Palace Convention Center. Two miles east sits the University of Utah and the Rice-Eccles Stadium.

See OM For More Details and Information

Listing Contacts

LP
UT UT 5594649-SA00
Newmark Mountain West
JH
UT UT 8672190-SA00
Newmark Mountain West
Listed by Newmark Mountain West

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$338,684.00
$28,223.67/mo

Valuation Metrics

0
DSCR
6.16%
Cap Rate
6.16%
ROI

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Additional Information

Name
Lance Pendleton
License
UT 5594649-SA00
Name
J.R. Howa
License
UT 8672190-SA00
Brokerage Phone
8015785545
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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