For Sale
$1,250,000

3137 Main StSouth Salt Lake, UT 84115

High-cap rate auto shop, 3 units, great location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,535 square foot auto shop located at 3137 S Main Street, South Salt Lake, UT 84115. The property, situated on a 0.23-acre lot (APN 16-30-302-001-0000), boasts a compelling 6.92% cap rate and is currently 100% occupied with month-to-month leases in place, expiring December 30, 2024. The single-story, 1953-built building features three separate, yet combinable, units, each contributing to the property's strong rental income. Seven dock-high doors facilitate efficient operations, and three restrooms cater to tenant and customer needs. The property includes a repairable paint booth, adding further value. Zoned for commercial business use, this property offers a rare automotive-use opportunity in South Salt Lake. The asking price is $1,250,000, translating to $275.63 per square foot. This is a value-add investment perfect for both investors and owner-users seeking a strong return on investment in a prime location. The property is classified as Retail, Industrial, and Mixed Use.

Highlights

  • Investment or owner-user opportunity available.
  • Long-term, month-to-month tenancies in place.
  • Unique automotive-use property in South Salt Lake.
  • Three separate, combinable units.
  • Three restrooms.
  • Includes a repairable paint booth.

Property Details for 3137 Main St

Property type
Retail properties, Mixed-use properties
Square Feet
4,535 SF
Year Built
1953
Buildings
1
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
3

Location Insight

City
South Salt Lake
County
Salt Lake
State
Utah
Latitude
40.70261571
Longitude
-111.89112429
3137 Main St, South Salt Lake, Utah

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3137 Main St
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