231 S Edison St - Apartments CONDO FOR SALE


Salt Lake City, UT 84111- Central Salt Lake City
$2,800,000 USD
801-907-1888
231 S Edison St, Salt Lake City, UT for Sale
$2,800,000 USD
Apartments CONDO - FOR SALE
1/60
null | 6.38% Cap Rate

231 S Edison St
Salt Lake City, UT 84111
Central Salt Lake City


HIGHLIGHTS

  • Charming historic building with character
  • Prime location in Salt Lake City
  • Zoned for retail and restaurant use
  • Spacious 5,706 SF interior
  • Flexible floor plan for customization
  • High visibility and foot traffic

OVERVIEW

Introducing a prime investment opportunity in the heart of downtown Salt Lake City! Nestled at 231-233 S Edison Street, this street retail property is part of the prestigious Warhol Lofts building, offering a seamless blend of commercial vibrancy and luxury living. Boasting a solid NNN lease, this property is a lucrative investment, generating $173,376.00 annually with 3% annual increases. The lease extends until November 30th, 2033, with the added benefit of four 5-year options to renew, ensuring long-term stability and profitability. Currently occupied by the esteemed Franklin Avenue Cocktails & Kitchen, known for its high-end cuisine and crafted cocktails, the tenant's guarantor brings a wealth of experience, owning multiple successful restaurants in downtown Salt Lake City.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

6.38%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warhol Lofts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

13,931 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,128 SF

ZONING

-

APN/PARCEL ID

16-06-176-027-0000

ASK ABOUT THIS PROPERTY

Shad SelmosKeller Williams Salt Lake CityMore Info
801-907-1888

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Shad SelmosKeller Williams Salt Lake CityMore Info
801-907-1888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.