About 231 S Edison St E
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!
Features of 231 S Edison St E
| MLS® # | 1999613 |
|---|---|
| Price | $3,000,000 |
| Bathrooms | 0.00 |
| Acres | 0.01 |
| Year Built | 2024 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 231 S Edison St E |
|---|---|
| Area | Salt Lake City; So. Salt Lake |
| Subdivision | Warhol Lofts |
| City | Salt Lake City |
| County | Salt Lake |
| State | UT |
| Zip Code | 84111 |
Amenities
| Utilities | 120/208 V 3 Phase 4 Wire |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Kitchen,Range/Oven,Refrigerator,Restroom: Public,Sprinkler System Fire |
|---|---|
| Appliances | Real Estate |
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | No |
Additional Information
| Date Listed | May 17th, 2024 |
|---|---|
| Days on Market | 148 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Shad Selmos |
|---|---|
| Office | KW Salt Lake City Keller Williams Real Estate |