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1169-1185 S State St 2 Properties Offered at $2,803,400 CAD in Salt Lake City, UT
Investment Highlights
- Heavy State Street traffic
- Great access to I-15 via 1300 South
- Walkable distance to 1300 South TRAX Station
- Great access to I-80 via State Street
Executive Summary
Prime opportunity to purchase an income generating land bank investment. This opportunity provides an investor/developer the luxury of enjoying the secure cashflow from the project while they complete the entitlement process. The property is zoned MU-5 which allows for high-density, multi-story developments (typically up to 5 stories) incorporating street level retail/office and upper-level multi-family housing.
Seller willing to provide more detailed financials upon prospective buyer signing an NDA.
Seller willing to provide more detailed financials upon prospective buyer signing an NDA.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$238,809
|
| Other Income |
$8,215
|
| Vacancy Loss |
$7,411
|
| Effective Gross Income |
$239,614
|
| Taxes |
$11,068
|
| Operating Expenses |
$60,035
|
| Total Expenses |
$71,103
|
| Net Operating Income |
$168,511
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $238,809 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,215 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,411 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $239,614 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,068 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,035 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $71,103 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $168,511 |
Property Facts
| Price | $2,803,400 CAD | Status | Active |
| Price / SF | $478.72 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 5,856 SF |
| Sale Type | Investment | Total Land Area | 0.49 AC |
| Price | $2,803,400 CAD |
| Price / SF | $478.72 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,856 SF |
| Total Land Area | 0.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Uptown Motel
1185 S State St, Salt Lake City, UT 84111 |
Hospitality | 4,972 SF | 1987 | - |
| 1169 S State St, Salt Lake City, UT 84111 | Office | 884 SF | 1923 | - |
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1169-1185 S State St
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