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2834 Highland Dr 2,585 SF Office Building Salt Lake City, UT 84106 $1,388,871 CAD ($537.28 CAD/SF) 8.17% Cap Rate



Investment Highlights
- PRICE REDUCED Located on Highland Drive with 20,000+ vehicles per day, the property includes a large electronic sign.
- The building showcases Art Deco / Streamline Moderne design & rooftop patio, making it one of the most architecturally unique propeties in Utah.
- This landmark Sugar House office property offers investors a rare blend of architectural distinction, prime visibility, and flexible income potential.
Executive Summary
Flexible Occupancy | Iconic Architecture | Event-Ready Rooftop
This landmark Sugar House commercial property offers investors a rare combination of architectural distinction, premier visibility, and flexible income potential. Ideally located on Highland Drive with exposure to over 20,000 vehicles per day, the building features a prominent electronic monument sign—providing exceptional brand visibility and long-term tenant appeal. Contact Matt Stout for more information at 801-403-1792.
Beautifully preserved in Art Deco / Streamline Moderne style, this property stands as one of Utah’s most architecturally unique commercial assets. Its historic character, timeless design, and landmark presence create a competitive advantage seldom found in today’s office and mixed-use inventory.
The building features four separate entrances and three versatile floors totaling 2,585 square feet, plus a 350-square-foot rooftop deck with panoramic views and a built-in stage. This layout supports both single-tenant and multi-tenant configurations, offering exceptional flexibility. The property is particularly well-suited for 1031 exchange buyers, partial owner-users, and investors seeking long-term rent growth and multiple leasing strategies.
A standout feature is the expansive rooftop patio with a built-in stage, ideal for tenant functions, private events, brand activations, or boutique rooftop gatherings—adding a unique revenue and lifestyle component rarely available in comparable properties.
The layout and visibility make the property exceptionally well-suited for a variety of uses, including salon or spa concepts, medical or wellness offices, boutique professional suites, gallery or creative space, multi-unit office configurations, and rooftop events or B&B-style private functions.
Key Highlights:
Flexible single-tenant or multi-tenant occupancy
Iconic landmark presence with strong brand identity
High-demand Sugar House location
Event-capable rooftop patio with stage
Ample on-site parking spaces
The property is currently owner-occupied. Sale is subject to a minimum closing date of May 21, 2026. Contact Matt Stout for more information 801-403-1792. Offered with 3% BAC.
This landmark Sugar House commercial property offers investors a rare combination of architectural distinction, premier visibility, and flexible income potential. Ideally located on Highland Drive with exposure to over 20,000 vehicles per day, the building features a prominent electronic monument sign—providing exceptional brand visibility and long-term tenant appeal. Contact Matt Stout for more information at 801-403-1792.
Beautifully preserved in Art Deco / Streamline Moderne style, this property stands as one of Utah’s most architecturally unique commercial assets. Its historic character, timeless design, and landmark presence create a competitive advantage seldom found in today’s office and mixed-use inventory.
The building features four separate entrances and three versatile floors totaling 2,585 square feet, plus a 350-square-foot rooftop deck with panoramic views and a built-in stage. This layout supports both single-tenant and multi-tenant configurations, offering exceptional flexibility. The property is particularly well-suited for 1031 exchange buyers, partial owner-users, and investors seeking long-term rent growth and multiple leasing strategies.
A standout feature is the expansive rooftop patio with a built-in stage, ideal for tenant functions, private events, brand activations, or boutique rooftop gatherings—adding a unique revenue and lifestyle component rarely available in comparable properties.
The layout and visibility make the property exceptionally well-suited for a variety of uses, including salon or spa concepts, medical or wellness offices, boutique professional suites, gallery or creative space, multi-unit office configurations, and rooftop events or B&B-style private functions.
Key Highlights:
Flexible single-tenant or multi-tenant occupancy
Iconic landmark presence with strong brand identity
High-demand Sugar House location
Event-capable rooftop patio with stage
Ample on-site parking spaces
The property is currently owner-occupied. Sale is subject to a minimum closing date of May 21, 2026. Contact Matt Stout for more information 801-403-1792. Offered with 3% BAC.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$145,420
|
$56.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$145,420
|
$56.26
|
| Taxes |
$7,213
|
$2.79
|
| Operating Expenses |
$24,776
|
$9.58
|
| Total Expenses |
$31,990
|
$12.38
|
| Net Operating Income |
$113,431
|
$43.88
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $145,420 |
| Annual Per SF | $56.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $145,420 |
| Annual Per SF | $56.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,213 |
| Annual Per SF | $2.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,776 |
| Annual Per SF | $9.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,990 |
| Annual Per SF | $12.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,431 |
| Annual Per SF | $43.88 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
2,585 SF
Building Class
C
Year Built/Renovated
1937/2020
Price
$1,388,871 CAD
Price Per SF
$537.28 CAD
Cap Rate
8.17%
NOI
$113,533 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
861 SF
Building FAR
0.43
Lot Size
0.14 AC
Zoning
RB - Mixed Use / RB Zoning
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Roof Terrace
- Car Charging Station
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Consumers Financial Company
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Consumers Financial Company | Finance and Insurance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 2,148 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,148 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,148 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-29-229-014-0000 | Total Assessment | $804,082 CAD (2025) |
| Land Assessment | $413,163 CAD (2025) | Annual Taxes | $7,213 CAD ($2.79 CAD/SF) |
| Improvements Assessment | $390,919 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
16-29-229-014-0000
Land Assessment
$413,163 CAD (2025)
Improvements Assessment
$390,919 CAD (2025)
Total Assessment
$804,082 CAD (2025)
Annual Taxes
$7,213 CAD ($2.79 CAD/SF)
Tax Year
2024
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Stout Investments
2834 Highland Dr
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