775 S 900 W - Convenience Store FOR SALE


Salt Lake City, UT 84104
$2,500,000 USD
801-633-3203
775 S 900 W, Salt Lake City, UT for Sale
$2,500,000 USD
Convenience Store - FOR SALE
1/7
null | Request Cap Rate

775 S 900 W
Salt Lake City, UT 84104


HIGHLIGHTS

  • Freestanding retail storefront that is highly visible to over 15,000 vehicles traveling along the intersection of 900 West and 800 South.
  • Offering the favorable zoning code of R-MU-35, the property offers flexible usages, including commissary.
  • Accessible to over 60,000 residents living within a 2-mile radius; these residents tallied a consumer spending total of over $600 million in 2023.
  • Surrounded by national retailers and service providers, including Little Caesars, T-Mobile, 7-Eleven, Fastrac, Smith’s, and more.
  • Centrally located near I-15, I-215, and I-80, the location affords quick access to Salt Lake International Airport and Downtown Salt Lake City.

OVERVIEW

The offering at 775 S 900 W is a unique owner/user opportunity that offers four-way intersection visibility within one of Salt Lake City’s busiest areas. The property is located at the intersection of 800 S and S 900 W, which boasts vehicle counts of nearly 15,000 each day. The storefront opportunity encompasses 4,498 square feet constructed on 0.25 acres and features highly visible signage options, multiple points of access, and a parking lot with 26 surface parking spots. Occupants also stand to benefit immensely from the property’s proximity to Salt Lake City’s second-largest neighborhood, Poplar Grove. This area provides a healthy consumer pool that has vastly expanded over the past several years. Over the past decade, the population within a 2-mile radius has added approximately 10,000 new residents. At 1.8% growth since 2010, the population within a 2-mile radius significantly outpaces the market and national averages. This ideally placed asset offers proximity to national retailers, easy access to Downtown Salt Lake City, and optimal placement within an expanding area expected to continue experiencing positive population and economic growth. Home to nearly 15,000 residents, Poplar Grove offers its residents the cozy feel of a quaint suburban neighborhood but offers the amenities big-city dwellers desire. Downtown Salt Lake City is 2 miles away, and the Central Business District can be accessed within minutes. Poplar Grove also provides proximity to Salt Lake International Airport, which can be accessed in about 15 minutes via Interstate 80. Interstates 15 and 215 can be easily accessed within minutes from any point in Poplar Grove. With the Jordan River running through this affluent neighborhood, residents can access a multitude of outdoor parks and natural amenities, including 9th South River Park, Jordan Park, Poplar Grove Park, and the Jordan River Parkway Trail.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R-MU-35

APN/PARCEL ID

15-11-206-025-0000

ASK ABOUT THIS PROPERTY

Lila JessopCentury 21 Everest Realty GroupMore Info
801-633-3203

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

Lila JessopCentury 21 Everest Realty GroupMore Info
801-633-3203

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