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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!
| DAYS ON MARKET | 268 | LAST UPDATED | 1/20/2025 |
|---|---|---|---|
| TRACT | WARHOL LOFTS | YEAR BUILT | 2024 |
| COMMUNITY | Salt Lake City; So. Salt Lake | COUNTY | Salt Lake |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 15, '24 | $3,000,000 |
|---|---|
| Oct 15, '24 - Jan 20, '25 | $2,800,000 |
| Jan 20, '25 - Today | $2,750,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Oven, Range, Refrigerator |
| AREA | Salt Lake City; So. Salt Lake |
| HEAT | Forced Air |
| LOT | 436 sq ft |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| SUBDIVISION | WARHOL LOFTS |
| TAXES | 7574 |
| ZONING | D-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KW Salt Lake City Keller Williams Real Estate
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