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Newport Square 24 S 600 E 4,770 SF 100% Leased Office Building Salt Lake City, UT 84102 $2,264,740 CAD ($474.79 CAD/SF)
Investment Highlights
- Double-Lot (.30 Acres)
- Zoning Updated to MU-6 Mixed Use
- Apartment to Office Conversion
Executive Summary
Newport Square is a seven-unit building at the edge of Salt Lake's Central City and South Temple neighborhoods, just blocks from downtown. Known for its historic charm, the area is home to stately properties like the Governor's Mansion, active redevelopment, and many local businesses, with easy access to desirable residential neighborhoods including the Avenues and Federal Heights. Six apartment units were converted to private offices over twenty years ago, and a seventh office was added on the top level. All tenants are long-term on month-to-month leases. The owner occupies the top-level office and six garages, all of which could be leased for additional revenue. The property sits on a double-size .30-acre lot with ample off-street parking and was recently rezoned to MU-6 Mixed-Use. Inquire for financials and additional information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,770 SF
Building Class
B
Year Built
1893
Price
$2,264,740 CAD
Price Per SF
$474.79 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,193 SF
Slab To Slab
8’
Building FAR
0.37
Lot Size
0.30 AC
Zoning
MU-6 - The MU-6 zone is designed to provide places for people to live, work, and play within a close proximity.
Parking
15 Spaces (3.14 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Storage Space
- Natural Light
- Air Conditioning
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-06-226-039-0000 | Improvements Assessment | $13,393 CAD |
| Land Assessment | $1,351,050 CAD | Total Assessment | $1,364,443 CAD |
Property Taxes
Parcel Number
16-06-226-039-0000
Land Assessment
$1,351,050 CAD
Improvements Assessment
$13,393 CAD
Total Assessment
$1,364,443 CAD
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Newport Square | 24 S 600 E
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