868 E 900 S - Freestanding FOR SALE


Salt Lake City, UT 84105- East Central
$3,680,000 USD
801-707-1957
868 E 900 S, Salt Lake City, UT for Sale
$3,680,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

868 E 900 S
Salt Lake City, UT 84105
East Central


HIGHLIGHTS

  • Seller finance with 10% down and at below market interest rate saves Buyer hundreds of thousands interest and loan costs.
  • Values historically keep climbing
  • Scarcity in the 9th and 9th District

OVERVIEW

Freestanding restaurant building in the heart of Salt Lake City's 9th & 9th district, one of the most supply-constrained and sought-after neighborhood retail nodes in the city. Buildings in this district rarely come to market, and this offering is structured to be exceptionally accessible: with the price of $3,500,000 Seller is offering financing with just 10% down at a 6% interest rate, a lease-with-option-to-purchase alternative at $10,000 per month for the first year covering both the main floor and the basement, and the opportunity to acquire the established Thai Garden Bistro restaurant business separately for $180,000. With seller finance, Buyer could own the business and the property with $530,000 cash and saves approximately $250,000 - $500,000 assuming 6.75% minimal interest rate charged by SBA preferred lender. Lender can charge up to 2.75% over prime.

FOR SALE DETAILS

PRICE

$3,680,000 USD

PRICE/SF

$1,051 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

2000

APN/PARCEL ID

16-08-181-033-0000

ASK ABOUT THIS PROPERTY

Meili MylesRealty Group Utah LLCMore Info
801-707-1957

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Meili MylesRealty Group Utah LLCMore Info
801-707-1957

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