205 W 700 S - Office FOR SALE


Salt Lake City, UT 84101- Central Salt Lake City
$7,950,000 USD
801-566-4411
205 W 700 S, Salt Lake City, UT for Sale
$7,950,000 USD
Office - FOR SALE
1/43
null | Request Cap Rate

205 W 700 S
Salt Lake City, UT 84101
Central Salt Lake City


OVERVIEW

This property is an institutional office building currently serving as the headquarters for the Children’s Miracle Network. Built in 1978, it offers a total gross building area of approximately 43,290 square feet. While the original construction dates back several decades, the buildin g has been well maintained and effectively modernized over time, resulting in a substantial economic life. The property has been modernized, and given its size, location, and zoning, the building is a strong candidate for adaptive reuse, with potential for conversion into medical offices, educational facilities, or multifamily residential units. The property is zoned FB­UN2 (Form­Based Urban Neighborhood 2), supporting medium­ to highintensity mixed­use urban development. Permitted uses under this zoning designation include a wide range of commercial, residential, and community­oriented functions, including offices, medical clinics, retail spaces, restaurants, hotels, and convention centers. Residential uses range from multifamily and townhomes to single room occupancy units and boarding houses. The zoning also supports institutional uses such as schools, daycare centers, assisted living facilities, and places of worship. This property enjoys a prime location on the edge of downtown Salt Lake City’s central business district, within walking distance of government offices, the Salt Palace Convention Center, dining, and a variety of cultural amenities. With excellent accessibility, the site sits less than half a mile from both I­15 and I­80, offering convenient statewide and interstate connections. Public transit is also close by, including the UTA TRAX Blue and Green lines and the Intermodal Hub, which provides access to FrontRunner commuter rail, Amtrak, and Greyhound services. For regional and national travel, Salt Lake City International Airport is only a 10­minute drive away. The property features strong street frontage along both 200 West and 700 South, surrounded by a mix of commercial and multifamily uses. Supported by positive economic trends—including a growing population, and stabilizing property values—this location offers both immediate convenience and long­term investment potential. Download the OM to see the Drone Tour.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Childrens Miracle Network Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

CG

APN/PARCEL ID

15-12-208-007-0000,15­12­208­010

ASK ABOUT THIS PROPERTY

Robert FarnsworthRE/MAX Associates UtahMore Info
801-566-4411

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Robert FarnsworthRE/MAX Associates UtahMore Info
801-566-4411

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