231 S EDISON ST E Active Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84111
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Warhol Lofts
MLS Listing ID 1999613
Construction Status Blt./Standing
HOA Y/N No
Year Built 2024
Annual Tax Amount $7,574
Lot Size 435 Sqft
Acres 0.01
Lot Dimensions 0.0x0.0x0.0
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!
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Interior
Interior Features Kitchen,Range/Oven,Refrigerator,Restroom: Public,Sprinkler System Fire
Heating Forced Air
Cooling Central Air
Inclusions Real Estate
Fireplace No
Appliance Real Estate
Exterior
Utilities Available 120/208 V 3 Phase 4 Wire
Waterfront No
View Y/N No
Present Use Retail
Private Pool false
Building
Faces West
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 16-06-186-009
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional