Active

231 S EDISON ST

Salt Lake City UT, 84111

$3,000,000


Active

Commercial

Built in 2024

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!

1999613

MLS ID

May 14, 2024

Listed

August 26, 2024

Updated

Map

231 S EDISON ST
Salt Lake City UT, 84111

Interior Features

Total Stories

0


Interior Features

Kitchen, Range/Oven, Refrigerator, Restroom: Public, Sprinkler System Fire


Appliances

Real Estate


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.01 Acres

Other Property Details

Area Name

Salt Lake City; So. Salt Lake


Taxes

$7,574


Tax Frequency

Annually


Days on Market

101


Garage

No


Parking Total

0


View

No


County

Salt Lake


Pool

No

Courtesy of KW Salt Lake City Keller Williams Real Estate

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9:00 PM UTC, 8/26/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Michael Creger shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Wasatch Front Regional MLS, Inc. All rights reserved.

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