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343 W 400 S 10,400 SF 50% Leased Office Building Salt Lake City, UT 84101 $5,383,613 CAD ($517.66 CAD/SF)
Executive Summary
Positioned in the heart of downtown Salt Lake City, this quality CBD office building delivers an exceptional opportunity for owner–users seeking a high-caliber asset with unmatched versatility. Originally constructed in 1947, the property blends historic character with modern performance following a comprehensive 2019 renovation. The full remodel included new interior finishes, a new roof, upgraded windows, and refreshed HVAC systems—creating a turnkey environment suitable for a wide variety of professional, creative, or operational uses.
Totaling approximately 10,400 square feet, the single-story masonry structure features efficient floor plates and strong street-level presence. The building is currently occupied one tenant
who leases half of the premises, offering incoming buyers valuable flexibility—whether pursuing immediate occupancy or
phased deployment.
With its combination of condition, location, and adaptability, the property stands out as a rare chance to secure prime downtown space at a fraction of replacement cost. Owner–users between 5,000 and 10,400 square feet will find significant strategic upside, and the existing tenancy broadens the buyer pool while providing optional income continuity.
This thoughtfully upgraded asset offers a unique alternative to new construction, delivering move-in quality and long-term stability in one of Salt Lake City’s most dynamic commercial districts.
Totaling approximately 10,400 square feet, the single-story masonry structure features efficient floor plates and strong street-level presence. The building is currently occupied one tenant
who leases half of the premises, offering incoming buyers valuable flexibility—whether pursuing immediate occupancy or
phased deployment.
With its combination of condition, location, and adaptability, the property stands out as a rare chance to secure prime downtown space at a fraction of replacement cost. Owner–users between 5,000 and 10,400 square feet will find significant strategic upside, and the existing tenancy broadens the buyer pool while providing optional income continuity.
This thoughtfully upgraded asset offers a unique alternative to new construction, delivering move-in quality and long-term stability in one of Salt Lake City’s most dynamic commercial districts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
10,400 SF
Building Class
B
Year Built/Renovated
1947/2019
Price
$5,383,613 CAD
Price Per SF
$517.66 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,400 SF
Building FAR
0.88
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
D-2 - Zoned D-2 (Downtown Support District), the property is approved for a wide mix of uses—office, mixed-use concepts, artist studios, medical/clinical pr
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- NexusIT
- Professional, Scientific, and Technical Services
- 6,806 SF
- -
- Mar 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| NexusIT | Professional, Scientific, and Technical Services | 6,806 SF | - | Mar 2026 |
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 15-01-330-006-0000 | Improvements Assessment | $71,145 CAD |
| Land Assessment | $1,913,431 CAD | Total Assessment | $1,984,577 CAD |
Property Taxes
Parcel Number
15-01-330-006-0000
Land Assessment
$1,913,431 CAD
Improvements Assessment
$71,145 CAD
Total Assessment
$1,984,577 CAD
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343 W 400 S
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