$1,280,000
$1,400,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
0.76 Acres Lot
SOLD DATE : 12/22/2021
Key Details
Sold Price $1,280,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Ten Acre Plat A
MLS Listing ID 1782108
Sold Date 12/22/21
Construction Status Blt./Standing
HOA Y/N No
Year Built 1950
Annual Tax Amount $6,905
Lot Size 0.760 Acres
Acres 0.76
Lot Dimensions 0.0x0.0x0.0
Property Description
MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE MONDAY 12-6 AT NOON. Industrial warehouse property with 8 units with garage doors. Fully rented, month to month. Current rents are below industry standard and could easily be raised to .75 a square foot. The house at the front of the property is ideal for office space or a showroom. The house has a basement apartment with a separate entrance. So much potential and opportunity. The roof is only 10 years old and the parking lot is getting a new black top. Comparable properties with similar use, size and location have sold for 1.6M. The property is "AS IS" and is priced accordingly. Stated income and CAP rate is an estimate and will no financials will be provided. All Information to be verified by buyer. This property is nonconforming and automotive use is grand fathered in. To maintain the automotive use with the city, an automotive license must be maintained. A change of use would likely need to be Retail or Office to comply with city. Please confirm with South Salt Lake City Zoning Office. City zoning office - 801-412-3225.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Industrial
Interior
Heating Natural Gas
Flooring Concrete
Fireplace false
Exterior
View Y/N No
Roof Type Asphalt,PVC
Present Use Industrial
Private Pool false
Building
Faces East
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 15-36-228-013
Horse Property No
Financing Cash
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