1605 Foothill DrSalt Lake City, UT 84108

  • Land
  • 25,793 SF
For Lease

Property Details for 1605 Foothill Dr

Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.94 AC
Property size (Sq ft)
25,793 SF
Zone code
CB
Property type
Land
Property subtype
Commercial land
APN
16-15-258-021
APU
1615258021

Description

This exceptional retail property, located at 1605 South Foothill Drive in Salt Lake City, Utah, presents a unique investment opportunity. The 7,825 square foot building sits on a 1.56-acre lot and offers a versatile space ideal for a variety of retail uses. Currently, 4,060 square feet is available for lease, providing ample room for expansion or a new business venture. Built in 1962, this two-story structure is situated in Salt Lake County, zip code 84108, and benefits from high visibility and convenient access. The property is classified as a multi-tenant storefront and anchorless strip center, offering flexibility for various business models. The location provides excellent exposure to significant foot traffic and vehicular access. This is a chance to establish a presence in a well-established area of Salt Lake City. The property's size and layout offer considerable potential for customization to meet specific business needs. Serious inquiries are encouraged to explore this promising retail space. The property's address is easily accessible and well-suited for both customers and employees. This is a rare opportunity to secure a substantial retail space in a desirable Salt Lake City location.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,799,230
    Hospitality
    $7,144,053
    Educational
    $5,943,768
    Medical
    $6,148,184
    Retail
    $9,245,862
1605 Foothill Dr, Salt Lake City, Utah

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.7345
Longitude
-111.82
CBSA code
41620
CBSA name
SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,847
$2,117,300
-
$2,117,300
-
$2,117,300
-
$2,117,300

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