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307 E 300 S, Salt Lake City, UT 84111
$5,000,000
307 E 300 S, Salt Lake City, UT 84111
Subtype
Retail
Building SF
8,600
$/SF
$581
Lot
0.63 ac
Property Details
Description
Prime downtown corner redevelopment opportunity at 300 South and 300 East in the heart of Salt Lake City. This 0.63-acre corner lot sits in the most walkable part of downtown, near the TRAX line and a short walk to City Creek Center. The site has an operating self-serve car wash and a brick building leased to two businesses, providing income during planning and entitlement. The building is not on the historic register, giving a clear path to redevelopment. Zoned MU-8, the site allows buildings up to 90 feet, ideal for a mid-rise or high-rise mixed-use project with residential, office, hospitality, or ground-floor retail. The site is in Salt Lake City's Transit Context with no parking minimums, so developers can size parking to market demand, not code, maximizing rentable space and lowering construction costs. Corner lots with this combination of zoning, height, and walkability are increasingly rare. Best suited for developers and investors focused on highest and best use. Contact the listing agent for zoning details, tenant information, and to schedule a tour.
Listed by Chad Wagstaff · Summit Sotheby's International Realty
Location
307 E 300 S, Salt Lake City, UT 84111
Cap Rate Calculator
Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.
Cap Rate
5.25%
$/SF
$581
GRM
11.8
Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/27/2026, 8:22:59 AM. 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. Listing data provided by UtahRealEstate.com.