Listed by Newmark Mountain West
$6,000,000
Schubach Property
Details
APN 16-07-102-001, 16-07-102-002 and 16-07-102-003
Property Type Land, Mixed Use
Sub Type Bar, Commercial
Square Footage 16,300
Price per SqFt $368
Class C
Year Built 1928
Year Renovated 2015
Buildings 3
Acreage 0.490
Zoning D-2
Investment Type Value Add
Land | 0.49 acres
Marketing description
Redevelopment & Owner/User Opportunity – 651-665 South State Street, Salt Lake City, Utah 84111
Positioned on highly visible State Street in the heart of Salt Lake City, this rare urban offering presents an exceptional opportunity for investors, developers, and owner/users alike. The 0.49-acre site includes approximately 16,300 square feet across two buildings (659 S State: 7,286 SF and 665 S State: 8,280 SF) with valuable frontage along one of the city’s busiest corridors.
Zoned D-2 and located within a Qualified Census Tract (QCT) Zone, the property is well suited for redevelopment potential while also supporting immediate owner/user functionality. With traffic counts of approximately 37,067 ADT along State Street, the site offers outstanding visibility and exposure.
As shown on page 2 of the flyer, the property is surrounded by major multifamily developments, urban amenities, and nearby TRAX transit access, reinforcing its appeal in one of Salt Lake City’s most active growth corridors. This is a compelling chance to secure a strategically located asset in a rapidly evolving downtown market.
Listing Contacts
Listed by Newmark Mountain West
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