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Salt Lake City Retail/Restaurant 25 E Kensington Ave 6,000 SF 100% Leased Retail Building Salt Lake City, UT 84115 $3,445,350 CAD ($574.22 CAD/SF) 6.53% Cap Rate
Executive Summary
A turnkey retail investment opportunity in Salt Lake City's thriving Ballpark neighborhood. This 8,200 SF multi-tenant property is 100% occupied with 7 established tenants — including a café, barbershop, tattoo studios, massage, and a lounge — generating $163,193 in annual NOI on gross rental income of nearly $198,000. Major capital improvements have already been completed, offering investors stabilized cash flow with minimal near-term capex concerns. Off-street parking, MU-11 zoning, and a walkable location minutes from Downtown SLC make this an attractive long-term hold in a neighborhood seeing continued residential and commercial growth.
"Owner/Agent"
"Owner/Agent"
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1980
Price
$3,445,350 CAD
Price Per SF
$574.22 CAD
Cap Rate
6.53%
NOI
$224,903 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.33 AC
Zoning
CC - Commercial Corridor
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gold Blood Collective
- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- King’s Lounge
- Retailer
- -
-
$9.99
-
Lorem Ipsum
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Jan 0000
- Oliver and Princess Natasha
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Sway Dance Academy
- -
- -
-
$9.99
-
Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gold Blood Collective | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| King’s Lounge | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Oliver and Princess Natasha | Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Sway Dance Academy | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-18-104-014-0000 | Improvements Assessment | $815,032 CAD |
| Land Assessment | $928,729 CAD | Total Assessment | $1,743,761 CAD |
Property Taxes
Parcel Number
16-18-104-014-0000
Land Assessment
$928,729 CAD
Improvements Assessment
$815,032 CAD
Total Assessment
$1,743,761 CAD
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Salt Lake City Retail/Restaurant | 25 E Kensington Ave
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