3443 State StSouth Salt Lake, UT 84115

Property Details for 3443 State St

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

3,700 SF

Zone code

ZBUSA

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-31-102-024

APU

1631102024

Description

Plaza 3443, located at 3443 S State St, South Salt Lake, UT 84115, offers a prime office space opportunity. This single-story, 8,033 square foot building, constructed in 1954, sits on a 0.56-acre lot (24,394 sq ft) and boasts a Class C rating. The property features 23 suites, with one currently available, offering a minimum of 229 contiguous square feet. Multiple tenancy options are available. The building provides 35 total parking spaces, but lacks elevators. The property is ideally situated on State Street, experiencing high traffic volume (30,405 AADT), and is conveniently located a few minutes from Interstate 15. This versatile space is suitable for various office uses, including executive, medical, creative, and coworking arrangements. Lease terms are available for 1-5 year minimums. The available space is 229 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,212,040

  6.5%

  $1,118,806

  7%

  $1,038,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,149,007

  Geo Method

  $1,149,007

• Alternative Use

  Use

  Valuation

  Residential

  $1,118,806

  Hospitality

  $1,024,820

  Educational

  $852,638

  Medical

  $881,962

  Retail

  $1,326,326

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.6965

Longitude

-111.888

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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