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16 E Kensington Ave
Salt Lake City, UT 84115

Retail Property For Sale

Executive Summary

Located in the heart of downtown Salt Lake City, between Main and State Street, this highly functional 4,170 square foot building sits atop a quarter acre of CC zoned land, and is ideal for either an owner user, or investor.
The current tenant is paying $1,400 per month (significantly undermarket), NNN, and is on a month to month lease.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,170 SF
Building Class
C
Year Built
1950
Price
$1,434,070 CAD
Price Per SF
$344 CAD
Cap Rate
1.68%
NOI
$24,092 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.24 AC
Zoning
CC
Frontage
34 ft on Kensington Ave

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-18-151-005-0000
Land Assessment
$294,388 CAD
Improvements Assessment
$536,740 CAD
Total Assessment
$831,128 CAD
  • Listing ID: 34307068

  • Date on Market: 2024-12-27

  • Last Updated:

  • Address: 16 E Kensington Ave, Salt Lake City, UT 84115

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