$1,800,000
Est. payment /mo
0.35 Acres Lot
Active
1 N/A Salt Lake City, UT 84111
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2142164
Construction Status Blt./Standing
HOA Y/N No
Year Built 1995
Annual Tax Amount $20,000
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Retail
Property Description
A rare and exceptional opportunity to acquire a well-established, full-service restaurant in a prime downtown location with high visibility and ample parking. With 40 years of continuous operation, this business has built a strong reputation, a loyal customer base, and a proven track record of consistent revenue. The property offers 4,400 SF of dedicated restaurant space complemented by an additional 2,200 SF of office and storage - totaling 6,600 SF. The fully equipped commercial kitchen includes a hood and ventilation system, grease trap, walk-in cooler & freezer, and all equipment necessary for immediate, turnkey operation from day one. A wine and beer license is currently in place, with the ability to upgrade to a full restaurant liquor license, opening the door to expanded beverage revenue and enhanced dining experiences. The seller owns the underlying real estate and is prepared to offer a long-term lease with favorable terms, providing the new owner with long-term stability and predictable occupancy costs. This is an ideal opportunity for an experienced restaurateur looking to expand their portfolio, a first-time buyer ready to step into a turnover-ready concept, or an entrepreneur with a new vision looking for the perfect space and infrastructure already in place. Detailed financials, a complete FF&E list, and full business disclosure will be made available upon execution of a Non-Disclosure Agreement.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Interior
Fireplace No
Exterior
View Y/N No
Present Use Retail
Private Pool No
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 16-06-253-051
Listed by Internet Properties Property Management
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