1275 2240West Valley City, UT 84119

Property Details for 1275 2240

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.06 AC

Property size (Sq ft)

38,715 SF

Zone code

B/RP

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

15-23-151-013

APU

1523151013

Description

This exceptional 38,227-square-foot flex space in Metro Business Park O, located in West Valley City, Utah, presents a unique opportunity for businesses seeking a versatile industrial setting. The entire building, comprising a single suite, is currently vacant and ready for immediate occupancy. Situated in Salt Lake County at 1275 W 2240 S, zip code 84119, this property boasts convenient access to major transportation arteries, including Highway 201, I-80, and the I-15 interchange. Its prime location offers easy commutes and efficient logistics. The property is part of a nine-building business park, providing a professional and well-maintained environment. Amenities include ample parking to accommodate employees and clients, beautifully landscaped green spaces enhancing the aesthetic appeal, and the added benefit of walking access to the Trax light rail system, promoting convenient public transportation options. The strategic location, coupled with its modern amenities and readily available space, makes this property an ideal choice for a wide range of businesses seeking a functional and attractive workspace in a thriving area of Salt Lake City. The property's classification as a flex space allows for adaptable configurations to suit diverse operational needs. This is a rare opportunity to secure a substantial, fully vacant industrial building in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,682,134

  6.5%

  $11,706,586

  7%

  $10,870,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,022,653

  Geo Method

  $12,022,653

• Alternative Use

  Use

  Valuation

  Residential

  $11,706,586

  Hospitality

  $10,723,169

  Educational

  $8,921,551

  Medical

  $9,228,377

  Retail

  $13,877,968

Location Insight

City

West Valley City

County

Salt Lake

State

Utah

Latitude

40.7219

Longitude

-111.928

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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