510 Billinis RdSouth Salt Lake, UT 84115

Property Details for 510 Billinis Rd

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

6,780 SF

Zone code

3000

Property type

Industrial properties

Property subtype

Other warehouses

APN

15-36-101-015

APU

1536101015

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,050,137

  Hospitality

  $1,877,914

  Educational

  $1,562,402

  Medical

  $1,616,136

  Retail

  $2,430,404

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.6947

Longitude

-111.906

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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