Price Reduced

Listed By KW Salt Lake City Keller Williams Real Estate, Shad Selmos. 801-326-8800
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

$2,750,000

$/month

Listing Price

Down payment

Length of Loan

Interest Rate

Property Taxes

/year

HOA

/month

Insurance

/year

estimated monthly payment:

Price Change: $-250,000 (15 Days Ago)

Commercial Sale

0.01 AC

231 S Edison St

Salt Lake City, UT 84111

Subdivision

Warhol Lofts

MLS# 1999613

267 Days on Market

Tia Monson Tia@mountainluxury.com 801.540.5173 Realtor®

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!