445 N 700 W #104, North Salt Lake, UT 84054
sale
$1,100,000
|
Other
Courtesy Of Berkshire Hathaway HomeServices Utah Properties
Prime Commercial Investment Opportunity | Single-Tenant Property Overview: An exceptional turn-key investment opportunity featuring a spacious ~5,158 SF commercial property spread over two floors. Currently functioning as an established dance studio, this property offers stable income, a high-quality tenant commitment, and minimal management overhead. Key Investment Highlights Strong Financials: Offered at an approximate 5.5% CAP Rate. Long-Term Stability: Occupied by a proven, long-term tenant who has recently signed a new 5-year lease renewal. Tenant Commitment: The tenant is actively investing in additional space improvements, demonstrating strong long-term operational commitment to the location. Low-Maintenance Ownership: Minimal landlord responsibilities, making this an ideal hands-off asset for both seasoned and entry-level investors. Functional Layout: ~5,158 SF optimized across two flexible floors, tailored for dance/fitness/studio operations with great long-term adaptability.
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Property Features
- Age: 11-20 Years Old
- Cooling System: Central Air
- Floor Covering: Laminate
- Floor Covering: Tile
- Floor Covering: Bamboo
- MLSID: 2173342
- Roof Type: Rubber
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