24 S 600 E, Salt Lake City, UT 84102

$2,000,000
List Price
$2,000,000
Status
ACTIVE
MLS#
1778715
Days on Market
79
Year Built
1893
Acres
0.3
Terms
Cash, Conventional
County
Salt Lake
Region
Salt Lake City; So. Salt Lake
Subdivision
Plat B

Property Description

Newport Square has East Coast charm and an iconic location near downtown Salt Lake City. Just off South Temple by the Governor's Mansion in the Central City Historic District. Not a landmark site but designated a "contributory structure." Current owner acquired the building in the 1980s and converted one-bedroom apartments into 7 private offices, keeping one for himself. Each office has a spacious layout with great natural light. Building is well-suited to a variety of end-users. Also great long-term investment with potential to increase future income. Rents are significantly below market and you can rent out the owner's office and 6 garages that the owner uses for storage. There may also be potential to add on or improve the property even with contributory designation. Subject to Historic Landmark Commission and design guidelines. Eligible for low-interest rehabilitation loans and tax incentives for certain improvement projects. Shown by appointment outside of office hours.

Additional Information

Taxes
$8,624
Exterior Features
Paved Parking
Interior Features
See Remarks, Alarm: Security, Comm. Wiring, Restroom: Private
Floor
Carpet, Hardwood, Tile, Slate
Heating
Forced Air, Natural Gas
Roof
Asphalt, Pitched, Rubber

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Summit Sotheby's International Realty -Deer Valley.