Contact our Team for a Showing -By Appointment Only

Allison Larsen: (385) 685-4844

Office: (435)485-7070 Call or Text!

Or Email: Allison@iraut.com

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