240 Morris AveSalt Lake City, UT 84115

Property Details for 240 Morris Ave

Year built

1989

Construction

CONCRETE

Lot size

2.29 AC

Property size (Sq ft)

62,844 SF

Zone code

MIXED

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-19-326-021

APU

1619326021

Description

The I-80 Corporate Center, a Class B office building located at 240 E Morris Ave, South Salt Lake, UT 84115, offers exceptional executive office space for lease. Built in 1989, this 60,000 square foot building provides multiple tenancy options, with a minimum divisible space of 5,292 square feet and a maximum contiguous space of 13,883 square feet. Currently, there are 19,175 square feet of vacant space available, perfect for businesses seeking flexible and adaptable office solutions. The property boasts a convenient 3.75 parking spaces per 1,000 square feet parking ratio, ensuring ample parking for employees and clients. Situated in Salt Lake County, this location offers easy access to I-80, providing excellent connectivity throughout the Salt Lake City metropolitan area. The building's executive office spaces are ideal for companies seeking a professional and well-maintained workspace in a prime location. The available space is highly adaptable and can be configured to meet the specific needs of various businesses. Inquire today to learn more about leasing opportunities and explore the possibilities of establishing your business in this thriving area of Salt Lake City.

• CAP approach

  CAP return

  Valuation

  6%

  $20,586,250

  6.5%

  $19,002,692

  7%

  $17,645,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,515,732

  Geo Method

  $19,515,732

• Alternative Use

  Use

  Valuation

  Residential

  $19,002,692

  Hospitality

  $17,406,364

  Educational

  $14,481,891

  Medical

  $14,979,945

  Retail

  $22,527,386

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7172

Longitude

-111.884

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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