Property Facts
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!
Misc. Overview
No
SE
WARHOL LOFTS
Blt./Standing
No
No
Property Features
Lot Dimensions
- Frontage Facing: W
Property / Building Info
- Acres: 0.01
Investment
- Net Operating Income (NOI): $178,584
- Expenses: $1
- Cap Rate (NOI/Price): 6.0 %
Retail Features
- Min Sq Ft Available: 5,706
- Max Sq Ft Available: 5,706
- # Suites Available: 1
Features Include
- Air Conditioning: Central Air; Electric
- Water: Connected
- Visibility: Road Traffic; Walk-In Traffic
- Equipment: Walk-In Refrigerator
- Heating: Forced Air
- Inclusions: Real Estate
- Exclusions: Equipment/Machinery; Furniture; Inventory; Supplies; Trade Name
- Interior: Kitchen; Range/Oven; Refrigerator; Restroom: Public; Sprinkler System Fire
- Sewer: Connected
- Site: Tenant Occupied
- Terms: Cash; Conventional
- Utilities: 120/208 V 3 Phase 4 Wire
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Salt Lake Virtual Schoo Public Middle School, High School |
0.47 mi | ||
| Washington School Public Preschool, Elementary |
PK | 1.01 mi | |
| K12 International Acade Private Elementary, Middle School, High School |
0.36 mi | ||
| The Keystone School Private Middle School, High School |
6-12 | 0.36 mi | |
| Madeleine Choir School Private Preschool, Elementary, Middle School |
P | 0.42 mi | |
| Salt Lake District Preschool, Elementary, Middle School |
0.47 mi | ||
| City Academy Charter Middle School, High School |
7-12 | 0.65 mi | |
| Open Classroom Charter Elementary, Middle School |
K-8 | 0.65 mi | |
| Odyssey House Childrens Public Middle School, High School |
0.72 mi | ||
| Salt Lake Arts Academy Charter Elementary, Middle School |
5 | 0.74 mi | |
| Miss Billies Kids Kampu Private Preschool, Elementary |
0.93 mi | ||
| Salt Lake Center for Sc Public Middle School |
0.99 mi | ||
| West High School Public Middle School, High School |
7-12 | 1.01 mi | |
| Liberty School Public Preschool, Elementary |
PK | 1.07 mi | |
| M Lynn Bennion School Public Preschool, Elementary |
PK | 1.10 mi |
School data provided by GreatSchools.
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Listing Broker
KW Salt Lake City Keller Williams Real Estate
1245 E Brickyard Rd
#500
Salt Lake City, UT 84106
801-326-8800