Property Description

Introducing a prime investment opportunity in the heart of downtown Salt Lake City! Nestled at 231-233 S Edison Street, this street retail property is part of the prestigious Warhol Lofts building, offering a seamless blend of commercial vibrancy and luxury living. Boasting a solid NNN lease, this property is a lucrative investment, generating $173,376.00 annually with 3% annual increases. The lease extends until November 30th, 2033, with the added benefit of four 5-year options to renew, ensuring long-term stability and profitability. Currently occupied by the esteemed Franklin Avenue Cocktails & Kitchen, known for its high-end cuisine and crafted cocktails, the tenant’s guarantor brings a wealth of experience, owning multiple successful restaurants in downtown Salt Lake City. Whether you’re seeking a reliable income stream or a strategic addition to your portfolio, this opportunity presents unmatched potential in one of Salt Lake City’s most sought-after locations. Don’t miss your chance to secure your stake in this thriving urban landscape!

Features
: Forced Air
: Central Air
: Refrigerator, Kitchen, Range/Oven, Restroom: Public, Sprinkler System Fire
: 120/208 V 3 Phase 4 Wire
Appliances
: Real Estate
Address Map
US
UT
Salt Lake
Salt Lake City
84111
EDISON
231
ST
W112° 6' 49.3''
N40° 45' 50.6''
West
Salt Lake City; So. Salt Lake
S
E
Additional Information
0.0x0.0x0.0
2024-05-14
: Retail
Financial
7574.0
Listing Information
Austin Davis
1320133
68743
KW Salt Lake City Keller Williams Real Estate
90654
68743
Cash, Conventional
Active
2025-01-20T22:00:40Z
WFRMLS

Commercial Sale For Sale

231 S Edison St, Salt Lake City, Utah 84111

0.01 Acre
$2,750,000
Listing ID #1999613
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 1999613
Price : $2,750,000
Year Built : 2024
Lot Area : 0.01 Acre
Status : Active
Office Name : KW Salt Lake City Keller Williams Real Estate
Agent Name : Shad Selmos
Listing Status : Active
Property Sub Type : Retail
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