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… Read More 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! Read Less
Courtesy of Shad Selmos, KW Salt Lake City Keller Williams Real Estate 801-326-8800
Listing Snapshot
Days Online
351
Last Updated
Property Type
Retail
Lot Size
0.01 Acres
Year Built
2024
MLS Number
1999613
Additional Details
Appliances & Equipment
Appliances: Real Estate
Cooling
Cooling: Central Air, Cooling YN: t
Property
Current Use: Retail, Direction Faces: West, Parcel Number: 16-06-186-009, Property Condition: Blt./Standing, Property Sub Type: Retail, Property Type: Commercial Sale
Heating
Heating: Forced Air, Heating YN: t
Interior Features
Interior Features: Kitchen, Range/Oven, Refrigerator, Restroom: Public, Sprinkler System Fire
Building
Living Area Units: Square Feet, Year Built: 2024
Lot
Lot Size Acres: 0.01, Lot Size Area: 0.01, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 435, Lot Size Units: Acres
Taxes
Tax Annual Amount: 7574
Utilities
Utilities: 120/208 V 3 Phase 4 Wire
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