1985 East Pl, Salt Lake City, UT 84106
1.06 Acres of Commercial Land Offered at $10,389,060 USD in Salt Lake City, UT 84106
For Sale
Active
Asking Price $10,389,060
- Property Type
-
Land
- Square Feet
- 46,174 SF
Listing Contacts
Kip Paul
Michael King
JT Redd
Property Overview
Originally constructed between 1925 and 1948 on a 1.06-acre site, the Property comprises four single-story retail buildings (12,286 RSF), one two-story office building (8,460 RSF), and garage space (1,338 RSF), totaling 22,084 RSF. The Property is currently 96% occupied and leased to eight diverse retail tenants and one office tenant.
The Site boasts Sugar House’s most coveted and versatile zoning, known as CSHBD1. This zoning designation permits buildings of up to 105’ in height for any property type.
1985-1997 South 1100 East stands out as an excellent development opportunity due to several key factors. These include its covered land play potential, prime location within a high-demand submarket, and its favorable zoning designation. This combination makes it an exceptional option for those seeking to invest in quality covered-land play development projects.
The Site boasts Sugar House’s most coveted and versatile zoning, known as CSHBD1. This zoning designation permits buildings of up to 105’ in height for any property type.
1985-1997 South 1100 East stands out as an excellent development opportunity due to several key factors. These include its covered land play potential, prime location within a high-demand submarket, and its favorable zoning designation. This combination makes it an exceptional option for those seeking to invest in quality covered-land play development projects.
Property Details
- Property Subtype
- Commercial
Highlights
- This property enjoys Sugar House’s most coveted and versatile zoning.
- Prime location within a high-demand submarket.
- Covered land play offering with significant potential for value enhancement.
- Currently 96% occupied and leased to eight diverse retail tenants and one office tenant.
- New owner can continue operating as-is, adjust lease rates to market as they renew, initiate redevelopment plans, or any combination thereof.
- Low 17 months of WALT with multiple tenants on month-to-month leases.
All available spaces
- Space
- Lot 1
- Size
- 46,174 SF
- Price
- $10,389,060
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