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231 S Edison St E

Salt Lake City, UT 84111
  • $3,000,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: 1999613
UPDATED: 68 min ago
$3,000,000
  • 0
    BEDS
  • 0.01
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2024
County:

School Ratings & Info

Description

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. Whether you're seeking a reliable income stream or a strategic addition to your portfolio, this opportunity presents unmatched potential in one of Salt Lake City's most sought-after locations. Don't miss your chance to secure your stake in this thriving urban landscape!

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-06-24T11:42:46.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.thefieldsteam.com/homes/150666398
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231 S Edison St E Salt Lake City, UT 84111

  • Price: $3,000,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 68 min ago
  • ID#: 1999613
0
Beds
0
Baths
0
½ Baths
0.01
Acres
2024
Built
Neighborhood:
Warhol Lofts
County:
Salt Lake
Area:
Salt Lake City; So. Salt Lake
Property Description
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. Whether you're seeking a reliable income stream or a strategic addition to your portfolio, this opportunity presents unmatched potential in one of Salt Lake City's most sought-after locations. Don't miss your chance to secure your stake in this thriving urban landscape!
Exterior Features

Attached Garage YN No Carport YN No Construction Status Blt./Standing Covered Spaces 0 Frontage Length 0.0 Garage YN No Horse Property YN No Lot Size Dimensions 0.0x0.0x0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Pool Private YN No Spa YN No View YN No Waterfront YN No

Interior Features

Appliances Real Estate Bathrooms Partial 0 Cooling Central Air Cooling YN Yes Fireplace YN No Heating Forced Air Heating YN True Interior Features KitchenRange/OvenRefrigeratorRestroom: PublicSprinkler System Fire Rooms Total 0

Property Features

Association YN No Cross Street 100 Current Use Retail Direction Faces West Exclusions Equipment/MachineryFurnitureInventorySuppliesTrade Name Inclusions Real Estate Lease Considered YN No Listing Terms CashConventional New Construction YN No Property Attached YN No Property Condition Blt./Standing Property Sub Type Retail Senior Community YN No Tax Annual Amount 7574 Utilities 120/208 V 3 Phase 4 Wire Zoning Description D-1

Listing provided courtesy of KW Salt Lake City Keller Williams Real Estate: 801-326-8800. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2024 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-06-24T11:42:46.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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