1150 E 500 S - Storefront Retail/Residential FOR SALE


Salt Lake City, UT 84102- East Central
$1,100,000 USD
801-736-2632
1150 E 500 S, Salt Lake City, UT for Sale
$1,100,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | Request Cap Rate

1150 E 500 S
Salt Lake City, UT 84102
East Central


HIGHLIGHTS

  • Four leased residential units provide consistent occupancy with opportunity to increase rents through light upgrades or market adjustments
  • Ground-floor barbershop is currently owner-operated on a month-to-month lease providing flexibility to increase income further
  • Located on 500 South near Rice-Eccles Stadium, the property benefits from proximity to the university and transit and employment centers

OVERVIEW

Marcus & Millichap is pleased to announce the exclusive listing of the University Barbershop Apartments. This mixed-use property presents a compelling opportunity to acquire a stabilized residential asset and an owner-operated business. The building features four leased residential units generating consistent cash flow. The ground-floor commercial unit is currently occupied by the University Barbershop and is operated by the property owner. Tenant parking is located behind the building on Elizabeth Street, along with an additional parcel for the barbershop parking. Located in a high-demand area, the property benefits from strong fundamentals. The barbershop presents a clear opportunity for an investor or entrepreneur. Buyers may choose to grow the business or convert it to a different use. This offering is ideal for investors seeking diversified income, operational control, and long-term upside through both real estate and business optimization. Please do not disturb the tenants or the barbers. To view the property, contact the listing agent to schedule a tour.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

University Barbershop Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,791 SF

ZONING

RMF-30

APN/PARCEL ID

16-05-476-002-0000

ASK ABOUT THIS PROPERTY

Evan ClarkMarcus & MillichapMore Info
801-736-2632

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Evan ClarkMarcus & MillichapMore Info
801-736-2632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.