231 S EDISON E, Salt Lake City, UT 84111

$2,750,000

bedrooms

bathrooms

square feet

Acreage

0.01

Open Houses

year built

2024

Full Baths

Half Baths

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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!

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MLS number: 1999613

Listing agent: Shad Selmos

Listing broker: Kw Salt Lake City Keller Williams Real Estate (801) 326-8800

Last update: Monday, January 20 2025 at 8:22 p.m. EST

Kotohomes National