16 E Kensington Ave | Salt Lake City, UT 84115
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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.
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
Parcel Number | 16-18-151-005-0000 | Improvements Assessment | $536,740 CAD |
Land Assessment | $294,388 CAD | Total Assessment | $831,128 CAD |
PROPERTY TAXES
Parcel Number
16-18-151-005-0000
Land Assessment
$294,388 CAD
Improvements Assessment
$536,740 CAD
Total Assessment
$831,128 CAD
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