For Sale
$2,555,000

327 3300South Salt Lake, UT 84115

Established painting business, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,800 square foot warehouse and a thriving painting business located at 327 E 3300 S, South Salt Lake City, UT 84115. The property, situated on a 0.46-acre lot, boasts a Class B building constructed in 1963 and renovated in 2000. Currently operating at 100% occupancy, the business generates a substantial Net Operating Income (NOI) of $313,571, yielding a compelling 12.27% cap rate. The asking price for this owner-user investment is $2,555,000. The permitted commercial zoning offers flexibility for future ventures. The business, established in 1983, has a strong reputation and an extensive client base, including high-profile organizations. Most business assets are included in the sale, facilitating a smooth transition for the new owner. While the business and property are offered together, separate purchase options may be considered, contingent upon securing a buyer for the business if the property is purchased independently. This presents a unique opportunity to acquire a well-established enterprise and a strategically located property in a desirable Salt Lake County area. The property's APN is 16-30-331-0120.

Highlights

  • 3,800 SF warehouse with thriving painting business in South Salt Lake City, UT.
  • Located on a 0.46-acre lot with Class B building (1963 construction, 2000 renovation).
  • 100% occupancy, generating $313,571 NOI and a 12.27% cap rate.
  • $2,555,000 asking price; permitted commercial zoning.
  • Established business (1983) with strong reputation and extensive client base; most assets included.
  • Separate purchase options for business and property may be considered.

Property Details for 327 3300

Property type
Square Feet
3,800 SF
Class
B
Year Built/Renovated
1963/2000
Lot Size (sq. ft)
20,038 SF
Units
1

Location Insight

City
South Salt Lake
County
Salt Lake
State
Utah
Latitude
40.699801932859
Longitude
-111.88183832342
327 3300, South Salt Lake, Utah

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327 3300
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