Graystone Professional Plaza is a professional office building located in the heart of Sugar House, just off I-80 and 1300 East, offering excellent accessibility in a highly desirable submarket. The property totals approximately 19,099 square feet and is comprised of 33 office suites leased to a mix of professional, medical, and service-oriented tenants on a full-service basis. The building maintained approximately 90% average occupancy in 2025 and is offered at a 5.6% in-place cap rate, with upside potential supporting a projected pro forma cap rate of 6.2%. Zoned RMF-35, the property presents an attractive opportunity for investors or owner-users seeking stable income in a premier location. Measurements are given as a courtesy only. Buyer advised to obtain independent measurement. Owner/Agent.
- Heating System:
- Forced Air
- Cooling System:
- Central Air
- Flooring:
- Carpet, Tile, Hardwood
- Interior Features:
- Alarm: Security, Refrigerator, Restroom: Public, Basement
- Window Features:
- Blinds
- Country:
- US
- State:
- UT
- County:
- Salt Lake
- City:
- Salt Lake City
- Zipcode:
- 84106
- Street:
- GRAYSTONE
- Street Number:
- 1174
- Street Suffix:
- WAY
- Longitude:
- W112° 8' 34.5''
- Latitude:
- N40° 42' 39.5''
- Mls Area Major:
- Salt Lake City; So. Salt Lake
- Street Dir Prefix:
- E
- Zoning:
- Multi-Family, Commercial
- Lot Size Dimensions:
- 0.0x0.0x0.0
- On Market Date:
- 2026-02-12
- Current Use:
- Office
- Tax Annual Amount:
- 20420.0
- Co List Agent Full Name:
- Porter Criddle
- Co List Agent Mls Id:
- 99739
- Co List Office Mls Id:
- 69369
- Co List Office Name:
- Investment Realty Advisors LLC
- List Agent Mls Id:
- 85698
- List Office Mls Id:
- 69369
- Listing Term:
- Cash, Conventional, Exchange, SBA
- Mls Status:
- Active
- Modification Timestamp:
- 2026-02-12T23:48:02Z
- Originating System Name:
- WFRMLS
Commercial Sale For Sale
1174 E Graystone Way, Salt Lake City, Utah 84106
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- 2136948
- Price :
- $3,500,000
- Year Built :
- 1962
- Lot Area :
- 0.23 Acre
- Status :
- Active
- Office Name :
- Investment Realty Advisors LLC
- Agent Name :
- Cory Waddoups
- Listing Status :
- Active
- Property Sub Type :
- Office
- Roof:
- Asphalt
- Platinum Real Estate Professionals
- (435) 250-3355
-
platinum.pros.utah@gmail.com
