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2324 S Redwood Rd 3,421 SF Retail Building Salt Lake City, UT 84119 $1,674,240 CAD ($489.40 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Prime West Valley Location Surrounded by Retailers and Industrial Users.
  • Excellent Exposure from Redwood Road & Easy Freeway Access.
  • Owner will Lease Back Approximately 750 RSF.
  • Perfect Investment Opportunity for Owner/User.
  • 30+ Parking Stalls Available. Owners Have a Clean Phase I.
  • Currently Operating as a Dry Cleaner.

EXECUTIVE SUMMARY

Potential SBA Financing Scenario:
Down Payment: 10%
Blended Rate: 6.5%
Amortization: 25 Years
Principal: $1,080,000.00
Tenant Payment: $2,000.00
Effective Payment: $5,292.00
Effective Price Per Sq. Ft.: $18.56 PSF NNN

Property Information:
3,421 SF Retail With Drive-Thru
0.46 Acres
Great Visibility On Redwood Road
Zoned: C2
Ample Parking: 30+ Parking Stalls
Clean Phase 1
Multi-Tenant Possibility
Drive-Thru Capabilities
750 SF Lease Back Option
Tenant Payment: $2,000.00 Per Month

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,421 SF
Building Class
C
Year Built
1969
Price
$1,674,240 CAD
Price Per SF
$489.40 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
C-2 - C-2 Zoning
Parking
30 Spaces (8.77 Spaces per 1,000 SF Leased)
Frontage
118’ on REDWOOD RD

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Express Cleaners Two
  • Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Express Cleaners Two Services - - -

NEARBY MAJOR RETAILERS

Cafe Rio
Denny's
America First Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-22-177-007-0000
Land Assessment
$496,090 CAD
Improvements Assessment
$373,867 CAD
Total Assessment
$869,956 CAD
  • Listing ID: 38267946

  • Date on Market: 2025-02-03

  • Last Updated:

  • Address: 2324 S Redwood Rd, Salt Lake City, UT 84119

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