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640 N Main St

North Salt Lake, UT 84054
  • $8,143,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 1811450
UPDATED: 12 min ago
$8,143,000
  • 0
    BEDS
  • 3.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1972
County:

School Ratings & Info

Description

This property has the only huge private 360 square foot LED freeway frontage sign that sees roughly 250,000 + cars per day. the lot comes with a 70,000+ SF building, a 1,200 SF house, a 2,500 SF detached warehouse/garage, and a 3,000 SF detached warehouse/garage. The entire property sits on 3.65 acres with 470 feet of unobstructed I-15 freeway frontage. The CAP Rate has the potential to increase to 6.1% if the new owner were to lease out the spaces current owner uses. Healthy year-over-year NOI financials...willing to show financials after signing a NDA. 62 suites with 40+ active tenants.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-06-30T08:38:22.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.lookoutparkcity.com/homes/128509611
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640 N Main St North Salt Lake, UT 84054

  • Price: $8,143,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 12 min ago
  • MLS #: 1811450
0
Beds
0
Baths
0
½ Baths
3.65
Acres
1972
Built
Neighborhood:
Bntfl; Nsl; Cntrvl; Wdx; Frmtn
County:
Davis
Area:
Bntfl; Nsl; Cntrvl; Wdx; Frmtn
Property Description
This property has the only huge private 360 square foot LED freeway frontage sign that sees roughly 250,000 + cars per day. the lot comes with a 70,000+ SF building, a 1,200 SF house, a 2,500 SF detached warehouse/garage, and a 3,000 SF detached warehouse/garage. The entire property sits on 3.65 acres with 470 feet of unobstructed I-15 freeway frontage. The CAP Rate has the potential to increase to 6.1% if the new owner were to lease out the spaces current owner uses. Healthy year-over-year NOI financials...willing to show financials after signing a NDA. 62 suites with 40+ active tenants.
Exterior Features

Attached Garage YN No Carport YN No Construction Status Blt./Standing Covered Spaces 0 Frontage Length 470.0 Garage YN No Horse Property YN No Lot Size Dimensions 470.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Pool Private YN No Spa YN No View YN No Waterfront YN No

Interior Features

Bathrooms Partial 0 Cooling YN No Fireplace YN No Heating YN False Rooms Total 0

Property Features

Association YN No Current Use IndustrialOffice Lease Considered YN No New Construction YN No Ownership Property Owner Property Attached YN No Property Condition Blt./Standing Property Sub Type Industrial Senior Community YN No Tax Annual Amount 29412 Zoning Description Md

Listing provided courtesy of Berkshire Hathaway Homeservices Elite (Am Fork): [IDXCONTACTINFORMATION]. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2022 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-06-30T08:38:22.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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