184 E 5910 S - Office FOR SALE


Salt Lake City, UT 84107
$725,000 USD
435-485-7070
184 E 5910 S, Salt Lake City, UT for Sale
$725,000 USD
Office - FOR SALE
1/21
null | Request Cap Rate

184 E 5910 S
Salt Lake City, UT 84107


HIGHLIGHTS

  • Excellent access to I-215 and Salt Lake Valley
  • Strong neighborhood demographics
  • Ideal for investor or owner-user
  • Highly desirable location near Fashion Place Mall

OVERVIEW

Well-located 2,972 SF commercial building with an additional ±600 SF unfinished basement, providing valuable storage or ancillary use rarely found in comparable assets. The property is currently leased month-to-month at $3,000/month NNN, offering immediate flexibility for an owner-user or a clear value-add opportunity through lease-up at market rates. Comparable properties in the area are achieving $4,000–$5,000/month, positioning this asset for meaningful income growth upon renewal or repositioning. Putting this at a proforma cap rate of 6.9%. Located just south of Fashion Place Mall, the property benefits from a highly desirable central Salt Lake location with excellent access to I-215 and efficient connectivity throughout the Salt Lake Valley. The surrounding area features strong demographics, established retail and service uses, convenient ingress/egress, and proximity to major transportation and transit corridors. This offering is well suited for investors seeking stable in-place income with upside, or owner-users looking for a strategically located building with future income potential. Highlights 2,972 SF commercial building ±600 SF unfinished basement (storage / ancillary use) Month-to-month NNN lease at $3,000/month Below-market rents with upside at renewal Market rents: $4,000–$5,000/month Value-add opportunity with stable in-place income Highly desirable location near Fashion Place Mall Excellent access to I-215 and Salt Lake Valley Strong neighborhood demographics Ideal for investor or owner-user

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,196 SF

ZONING

C-3

APN/PARCEL ID

22-18-376-006-0000

ASK ABOUT THIS PROPERTY

Elliot AbelInvestment Realty AdvisorsMore Info
435-485-7070

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Elliot AbelInvestment Realty AdvisorsMore Info
435-485-7070

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