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323 S 600 E, Salt Lake City, UT — photo 11 / 44

$1,600,000

323 S 600 E, Salt Lake City, UT 84102

Subtype

Office

Building SF

6,304

$/SF

$254

Lot

0.23 ac

Property Details

Property typeCommercial Sale
SubtypeOffice
Building SF6,304 sqft
Year built1973
Lot size0.23 acres
ZoningCommercial · RMF35
Current useOffice
Taxes (annual)$14,602
Days on market49
Listed2026-07-15T00:00:00+00:00

Description

** Prime Office/Investment Opportunity in Salt Lake City's Central City District ** Located just block from the thriving 400 South commercial corridor and the TRAX line with direct service to Downtown Salt Lake City and the University of Utah, this exceptional commercial property combines a premier location with pride of ownership and long-term flexibility. Situated on a 10,019 SF RMF-35 zoned lot, the 6,304 SF building has been meticulously maintained by its current owner and offers an excellent opportunity for an owner-user, investor, nonprofit organization, educational institution, or professional services firm. The property has benefited from significant recent improvements, including updated common areas, renovated kitchenettes, and improvements to approximately half of the office suites, creating an attractive, move-in-ready environment while still offering opportunities for future customization and value enhancement. Its highly desirable Central City location places tenants and clients within walking distance of restaurants, coffee shops, retail, public transit, and neighborhood amenities, while providing convenient access to Downtown Salt Lake City, the University of Utah, Trolley Square, I-15, and I-80. With flexible RMF-35 zoning (buyer to verify permitted uses), excellent accessibility, ample on-site parking, and a well-maintained building, this property is well positioned for continued office use or future redevelopment. Property Highlights * 6,304 SF commercial office building * 10,019 SF lot * RMF-35 zoning * Prime Central City location * Just block from the 400 South commercial corridor * Walking distance to the TRAX line with direct service to Downtown and the University of Utah * Approximately half of the office suites recently renovated * Updated common areas and kitchenettes * Pride of ownership with exceptional maintenance throughout * Ample on-site parking * Excellent owner-user, investment, or redevelopment opportunity (buyer to verify)

Listed by Lynn Griese · Coldwell Banker Realty (Union Heights)

Location

323 S 600 E, Salt Lake City, UT 84102

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

$254

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($45,220)
Effective gross income$129,200/yr
Operating expenses$45,220/yr
Derived NOI$83,980/yr

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 9/2/2026, 7:04:37 PM. 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.