1833 State StSalt Lake City, UT 84115

  • Retail properties
  • 7,208 SF
For Sale
$3,100,000 View listing

Property Details for 1833 State St

Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.16 AC
Property size (Sq ft)
7,208 SF
Zone code
CC
Property type
Retail properties
Property subtype
Auto shops
APN
16-18-308-001
APU
1618308001

Description

Exceptional investment opportunity: a 21,058-square-foot automotive shop located in Salt Lake City, Utah, at 1833 State Street, zip code 84115. This owner-user property, classified as Class C industrial and retail, boasts three buildings on a 0.66-acre lot (APN: 16-18-308-001, 16-18-308-002, and 16-18-308-009). The asking price is $3,100,000, translating to $147.21 per square foot. Built in 1947, the single-story property features 50 parking spaces and a 400-amp electrical service. The South workshop includes 6-inch concrete flooring. Two bathrooms are conveniently located within the building. A house is included on the property "as is." The property is zoned CC. Note that this sale includes the land and buildings only

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,799,129
    6.5%
    $2,583,811
    7%
    $2,399,253
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,639,190
    Geo Method
    $3,639,190
  • Alternative Use

    Use
    Valuation
    Residential
    $2,179,541
    Hospitality
    $1,996,448
    Educational
    $1,661,021
    Medical
    $1,718,146
    Retail
    $2,583,811
1833 State St, Salt Lake City, Utah

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.7301
Longitude
-111.888
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
$12,485
$125,500
$1,137,400
$1,262,900
-
$125,500
$1,137,400
$1,262,900

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