- For Sale $725,000
- Property Type Office - General Office
- Property Size 2,972 SF
- Lot Size 0.28 Acre
- Building Class B
- Year Built 1999
- Date Updated May 6, 2026
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.
Highlights
- ±600 SF unfinished basement (storage / ancillary use)
- 2,972 SF commercial building
- Below-market rents with upside at renewal
- Excellent access to I-215 and Salt Lake Valley
- Highly desirable location near Fashion Place Mall
- Ideal for investor or owner-user
- Market rents: $4,000–$5,000/month
- Month-to-month NNN lease at $3,000/month
- Strong neighborhood demographics
- Value-add opportunity with stable in-place income
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Contacts
Elliot Abel
Investment Realty Advisors
Location
Located at 184 E 5900 S, Murray, UT 84107, this property is part of the Murray neighborhood and Salt Lake City market.
Contact Listing Broker
Elliot Abel
Investment Realty Advisors