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For Sale | Land Investment Property Active

2354 South State Street

2354 South State Street
Salt Lake City, UT United States
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Sale Price:
$8,000,000 USD
Price Per Unit:
$254.00 / USD
Lot Size:
1.75 Acres
Key Features
  • The Property provides flexible optionality for use. Buyers may include traditional industrial investors, owner-users, or developers. Options are further detailed below:
  • • Traditional Industrial Investment – Acquire the vacant Property and implement a lease-up strategy for one of the most in-demand asset classes in the market. See industrial lease comparable rates in the OM for more detail.
  • • Owner-User Purchase – This bite-sized opportunity at just 31,500 sf is ideal for owner-users seeking a new home.
  • • Multifamily Development Opportunity – Given 2354 South State Street’s strategic location in South Salt Lake’s Downtown zone, the Property is primed for future multifamily development. With its current improvements in-place, developers could effortlessly deploy a covered-land strategy through lease-up.
Cushman & Wakefield and Colliers International, as exclusive advisors, are pleased to present the opportunity to acquire 2354 South State Street (the “Property”), a 31,500 sf, two-building industrial asset located in South Salt Lake, Utah. Previously used by Strong Auto Group of Salt Lake, the Property will be sold vacant, making it an attractive option for owner-users, industrial investors, and developers seeking a potential covered-land play. The Property is located in the heart of South Salt Lake’s Downtown Zone, planned to include transit-oriented development centered around the Central Pointe TRAX light rail and S-line stations. The downtown master plan calls for increased pedestrian access, multimodal transportation, and increased greenspace and foliage, assured to buoy the area. 2354 South State Street stands out with its strong location, desirable building configuration, attractive zoning, heightened by its position in a high-growth industrial market.
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Brokers

Kip Paul Salt Lake City Capital Markets
Kip Paul

Vice Chair
Salt Lake City, United States

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