1630 State StSalt Lake City, UT 84115

Property Details for 1630 State St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.41 AC

Property size (Sq ft)

7,590 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

16-18-157-026

APU

1618157026

Description

This exceptional mixed-use investment opportunity in Salt Lake City, Utah, presents two buildings totaling 12,822 square feet on a 0.67-acre lot. The property boasts frontage on three streets, including the highly visible State Street, ensuring maximum business exposure. The two buildings, constructed in 1940 and 1958 respectively, offer a unique blend of retail space and residential apartments. The east-facing building (7,702 sq ft) and the south-facing building (5,120 sq ft) sit on separate parcels (16-18-157-026 and 16-18-157-022) and are conveniently located at 1630 S State St and 59 E 1700 S, Salt Lake City, UT 84115. Ample parking is available, a significant advantage in a high-traffic area. The south-facing building currently generates income from an existing tenant. The property is zoned CC, providing flexibility for a variety of business ventures. Square footage is an estimate

• CAP approach

  CAP return

  Valuation

  6%

  $2,947,471

  6.5%

  $2,720,742

  7%

  $2,526,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,832,054

  Geo Method

  $3,832,054

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,048

  Hospitality

  $2,102,252

  Educational

  $1,749,049

  Medical

  $1,809,201

  Retail

  $2,720,742

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.734

Longitude

-111.889

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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