3702 State StSouth Salt Lake, UT 84115

Property Details for 3702 State St

Year built

2017

Lot size

4.29 AC

Property size (Sq ft)

53,756 SF

Zone code

Z BUS

Property type

Healthcare properties

Property subtype

Medical offices

APN

16-31-151-082

APU

1631151082

Description

This exceptional 51,590 square foot Class B medical office building, constructed in 2017, is situated on a 4.35-acre lot in the Interchange submarket of South Salt Lake, Utah. The property boasts a two-story design and offers ample parking with a ratio of 4.3 spaces per 1,000 square feet. Currently, there is 1,596 square feet of vacant space available for lease, previously used as a pharmacy. The building is configured as a single suite, making it ideal for a variety of medical practices or related businesses. Its location in Salt Lake County, at 3702 S State St, 84115, provides excellent accessibility and visibility. The property's multiple tenancy structure offers flexibility, and its modern design and ample space cater to the needs of growing medical businesses. This is a rare opportunity to secure a well-maintained, strategically located medical office space in a thriving area. The building's 2017 construction ensures modern amenities and efficient layouts. The available space presents a chance to establish or expand a medical practice in a high-demand location. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $14,201,148

  6.5%

  $13,108,752

  7%

  $12,172,413

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,770,015

  Geo Method

  $10,770,015

• Alternative Use

  Use

  Valuation

  Residential

  $16,254,853

  Hospitality

  $14,889,358

  Educational

  $12,387,771

  Medical

  $12,813,805

  Retail

  $19,269,866

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.6907

Longitude

-111.89

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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