Active
231 S EDISON ST
Salt Lake City UT, 84111
$2,800,000
Active
Commercial
Built in 2024
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!
1999613
MLSⓇ ID
May 14, 2024
Listed
December 2, 2024
Updated
Map
231 S EDISON ST
Salt Lake City UT, 84111
Interior Features
Total Stories
0
Interior Features
Kitchen, Range/Oven, Refrigerator, Restroom: Public, Sprinkler System Fire
Appliances
Real Estate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.01 Acres
Other Property Details
Area Name
Salt Lake City; So. Salt Lake
Taxes
$7,574
Tax Frequency
Annually
Days on Market
198
Garage
No
Parking Total
0
View
No
County
Salt Lake
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/15/2024 | Price change | $2,800,000 -7% |
Courtesy of KW Salt Lake City Keller Williams Real Estate
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8:13 AM UTC, 12/2/2024. 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 deemed reliable but not guaranteed and should be independently verified. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sue Ann Wilkinson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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