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University Barbershop Apartments 1150 E 500 S 3,245 SF 100% Leased Retail Building Salt Lake City, UT 84102 $1,521,729 CAD ($468.95 CAD/SF)
INVESTMENT HIGHLIGHTS
- Four leased residential units provide consistent occupancy with opportunity to increase rents through light upgrades or market adjustments
- Located on 500 South near Rice-Eccles Stadium, the property benefits from proximity to the university and transit and employment centers
- Ground-floor barbershop is currently owner-operated on a month-to-month lease providing flexibility to increase income further
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to announce the exclusive listing of the University Barbershop Apartments. This mixed-use property presents a compelling opportunity to acquire a stabilized residential asset and an owner-operated business. The building features four leased residential units generating consistent cash flow. The ground-floor commercial unit is currently occupied by the University Barbershop and is operated by the property owner. Tenant parking is located behind the building on Elizabeth Street, along with an additional parcel for the barbershop parking. Located in a high-demand area, the property benefits from strong fundamentals.
The barbershop presents a clear opportunity for an investor or entrepreneur. Buyers may choose to grow the business or convert it to a different use. This offering is ideal for investors seeking diversified income, operational control, and long-term upside through both real estate and business optimization.
Please do not disturb the tenants or the barbers. To view the property, contact the listing agent to schedule a tour.
The barbershop presents a clear opportunity for an investor or entrepreneur. Buyers may choose to grow the business or convert it to a different use. This offering is ideal for investors seeking diversified income, operational control, and long-term upside through both real estate and business optimization.
Please do not disturb the tenants or the barbers. To view the property, contact the listing agent to schedule a tour.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,245 SF
Building Class
C
Year Built
1914
Price
$1,521,729 CAD
Price Per SF
$468.95 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.11 AC
Zoning
RMF-30 - RMF-30 Zoning
Frontage
39’ on E 500 S
AMENITIES
- Bus Line
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-05-476-002-0000 | Improvements Assessment | $472,248 CAD |
| Land Assessment | $654,047 CAD | Total Assessment | $1,126,295 CAD |
PROPERTY TAXES
Parcel Number
16-05-476-002-0000
Land Assessment
$654,047 CAD
Improvements Assessment
$472,248 CAD
Total Assessment
$1,126,295 CAD
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University Barbershop Apartments | 1150 E 500 S
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