184 E 5900 S
$725,000
184 E 5900 S, Millcreek, UT 84107
2,972 sqft
Building Size
0.275 acres
Lot Area
Details:
Highlights:
- 2,972 SF commercial building
- ±600 SF unfinished basement (storage / ancillary use)
- Month-to-month NNN lease at $3,000/month
- Below-market rents with upside at renewal
- Market rents: $4,000–$5,000/month
- Value-add opportunity with stable in-place income
- Highly desirable location near Fashion Place Mall
- Excellent access to I-215 and Salt Lake Valley
- Strong neighborhood demographics
- Ideal for investor or owner-user
Description:
Well-located 2,972 SF commercial building with an additional ±600 SF unfinished basement, providing valuable storage or ancillary use rarely found in comparable assets. The property is currently leased month-to-month at $3,000/month NNN, offering immediate flexibility for an owner-user or a clear value-add opportunity through lease-up at market rates.
Comparable properties in the area are achieving $4,000–$5,000/month, positioning this asset for meaningful income growth upon renewal or repositioning. Putting this at a proforma cap rate of 6.9%. Located just south of Fashion Place Mall, the property benefits from a highly desirable central Salt Lake location with excellent access to I-215 and efficient connectivity throughout the Salt Lake Valley.
The surrounding area features strong demographics, established retail and service uses, convenient ingress/egress, and proximity to major transportation and transit corridors. This offering is well suited for investors seeking stable in-place income with upside, or owner-users looking for a strategically located building with future income potential.
Documents:
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| Sale_Brochure.pdf | ||
| Sale_Brochure.pdf | ||
| Sale Brochure |
Location
Gallery
