Dream Dental Building | 268 W 400 S
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Dream Dental Building 268 W 400 S
14,930 SF 100% Leased Office Building Salt Lake City, UT 84101 $3,250,000 ($218/SF)
Investment Highlights
- 268 W 400 S offers a turnkey office with a full build-out as a dental practice and a prime location near the heart of Downtown Salt Lake City.
- Growing 3-mile population of more than 150,000 contributed over $1.9 billion in consumer spending during 2023.
- Located within a qualified Opportunity Zone, providing valuable potential capital gains tax incentives.
Executive Summary
High profile building available for purchase with upscale improvements and featuring rare, secure onsite parking - located downtown Salt Lake City on the 400 South arterial.
Located with immediate access to numerous downtown amenities and services, this building offers a strategic location with enhanced improvements and infrastructure.
Configured as a fully functional dental practice and professional services facility, with valuable improvements and infrastructure.
Qualified Opportunity Zone (QOZ) with unique tax and ownership business.
Close proximity of all landmark downtown locations including the Delta Center, Salt Palace, Abravanel Hall, City Creek, Gateway and Temple Square, this location with its ideal access to I-15 is poised to appreciate in value, as it is priced well below replacement cost.
With downtown Salt Lake City evolving with unprecedented residential construction (including Utah’s tallest building within 3 minutes of the building) and a renaissance featuring a new sports/entertainment/arts district coupled with the anticipated completion of the newly redeveloped Temple Square, the timing is and pricing of this unique professional building is advantageous.
Located with immediate access to numerous downtown amenities and services, this building offers a strategic location with enhanced improvements and infrastructure.
Configured as a fully functional dental practice and professional services facility, with valuable improvements and infrastructure.
Qualified Opportunity Zone (QOZ) with unique tax and ownership business.
Close proximity of all landmark downtown locations including the Delta Center, Salt Palace, Abravanel Hall, City Creek, Gateway and Temple Square, this location with its ideal access to I-15 is poised to appreciate in value, as it is priced well below replacement cost.
With downtown Salt Lake City evolving with unprecedented residential construction (including Utah’s tallest building within 3 minutes of the building) and a renaissance featuring a new sports/entertainment/arts district coupled with the anticipated completion of the newly redeveloped Temple Square, the timing is and pricing of this unique professional building is advantageous.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,930 SF
Building Class
B
Year Built/Renovated
1979/2004
Price
$3,250,000
Price Per SF
$218
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,465 SF
Slab To Slab
11’
Building FAR
1.32
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
D-2 - Opportunity Zone
Parking
25 Spaces (1.71 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Car Charging Station
- Open-Plan
- Air Conditioning
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,883,800 | |
| Land Assessment | $848,700 | Total Assessment | $2,732,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$848,700
Improvements Assessment
$1,883,800
Total Assessment
$2,732,500
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Dream Dental Building | 268 W 400 S
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