455 Fayette AveSalt Lake City, UT 84101

Property Details for 455 Fayette Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

7,104 SF

Zone code

CG

Property type

Retail properties

Property subtype

Auto shops

APN

15-12-326-003

APU

1512326003

Description

This 7,104-square-foot industrial property in Salt Lake County offers a versatile space ideal for warehouse, manufacturing, flex, distribution, or R&D uses. The building features 1,800 square feet of office space and 5,304 square feet of warehouse space, complemented by an additional 1,800-square-foot mezzanine (not included in total square footage). Enjoy a 16-foot clear height and excellent loading capabilities with four 14'x14' grade-level drive-through doors, one 10'x12' box truck high door, and one 8'x10' dock high door. The property boasts convenient amenities including compressed airlines, power drops throughout, gas forced heaters, an oil change trench, an exhaust vent, and a five-ton crane. Additional features include water hookups, washer and dryer hookups, and block construction. Zoned CG (General Commercial), this highly sought-after shop space offers easy access from the I-15 via the 1300 South exit. Due to planned future development, shorter-term lease options or a kick-out clause will be required.

• CAP approach

  CAP return

  Valuation

  6%

  $2,758,733

  6.5%

  $2,546,523

  7%

  $2,364,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,586,682

  Geo Method

  $3,586,682

• Alternative Use

  Use

  Valuation

  Residential

  $2,148,087

  Hospitality

  $1,967,636

  Educational

  $1,637,050

  Medical

  $1,693,351

  Retail

  $2,546,523

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7477

Longitude

-111.904

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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