510 Billinis RdSouth Salt Lake, UT 84115

This exceptional mixed-use property, located at 510 W Billinis Rd in South Salt Lake, Utah, presents a compelling investment opportunity. The 5,400 square foot building, constructed in 1972 and renovated in 1991, sits on a 0.46-acre lot (APN: 15-36-101-015) and offers a unique blend of flex space ideal for a variety of uses. Currently boasting a 1.57% cap rate and a net operating income (NOI) of $26,637, the property is priced at $1,700,000 ($314.81 per square foot). The existing lease, a single tenancy, commenced on May 1, 2021, and expires on March 31, 2026, leaving approximately 1.4 years remaining. The building features a 16-foot clear height, providing ample space for diverse business operations and storage. This presents a rare chance to acquire a well-situated property in South Salt Lake, offering significant potential for both investment returns and owner-occupancy. The property's versatility and prime location make it an attractive prospect for discerning investors and business owners alike. The zip code is 84115.