851 Richards StSalt Lake City, UT 84101

  • Industrial properties
  • 4,074 SF
For Sale

Property Details for 851 Richards St

Year built
1955
Construction
WOOD FRAME
Lot size
0.13 AC
Property size (Sq ft)
4,074 SF
Zone code
D2
Property type
Industrial properties
Property subtype
Other warehouses
APN
15-12-278-025
APU
1512278025

Description

This exceptional 4,000 square foot freestanding building presents a rare investment opportunity in Salt Lake City's vibrant Central Ninth district. The property, located at 851 S Richards St, Salt Lake City, UT 84101, boasts a versatile D-2 zoning designation, opening doors to a wide range of uses and development possibilities. The single building sits on a 0.17-acre lot and features one dock-high door, ideal for efficient loading and unloading. Currently vacant, the property is ready for immediate occupancy, with an anticipated occupancy date of September 1st, 2024. Its prime location offers convenient access to Interstate 15 and the heart of downtown Salt Lake City, providing unparalleled connectivity and exposure. The building's 4,000 square feet of net rentable space is perfect for a variety of businesses, from creative offices and flex spaces to retail storefronts. This owner-user opportunity combines the benefits of a strategic location with the flexibility of a mixed-use zoning classification. The property's APN is 15-12-278-025, 15-12-278-030. Don't miss this chance to acquire a unique and highly desirable property in a rapidly growing area. This is a truly exceptional opportunity for a discerning investor or business owner seeking a versatile and well-located space.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,231,884
    Hospitality
    $1,128,399
    Educational
    $938,815
    Medical
    $971,102
    Retail
    $1,460,378
851 Richards St, Salt Lake City, Utah

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.7506
Longitude
-111.892
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
2024
$3,819
$176,700
$224,100
$400,800
-
$176,700
$224,100
$400,800

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