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Christian Tevis

christiantevis.realty@gmail.com +1(435) 315-4128

$ 3,500,000

Est. payment -/mo

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Active

1174 E GRAYSTONE WAY Salt Lake City, UT 84106

10,018 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Park

MLS Listing ID 2136948

Construction Status Blt./Standing

HOA Y/N No

Year Built 1962

Annual Tax Amount $20,420

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Office

Property Description

Graystone Professional Plaza is a professional office building located in the heart of Sugar House, just off I-80 and 1300 East, offering excellent accessibility in a highly desirable submarket. The property totals approximately 19,099 square feet and is comprised of 33 office suites leased to a mix of professional, medical, and service-oriented tenants on a full-service basis. The building maintained approximately 90% average occupancy in 2025 and is offered at a 5.6% in-place cap rate, with upside potential supporting a projected pro forma cap rate of 6.2%. Zoned RMF-35, the property presents an attractive opportunity for investors or owner-users seeking stable income in a premier location. Measurements are given as a courtesy only. Buyer advised to obtain independent measurement. Owner/Agent.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning Multi-Family, Commercial

Interior

Interior Features Alarm: Security, Basement, Refrigerator, Restroom: Public

Heating Forced Air

Cooling Central Air

Flooring Carpet, Hardwood, Tile

Fireplace No

Window Features Blinds

Exterior

View Y/N No

Roof Type Asphalt

Present Use Office

Private Pool No

Building

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 16-29-238-004

Acceptable Financing Cash, Conventional, Exchange, SBA

Listing Terms Cash, Conventional, Exchange, SBA

Listed by Investment Realty Advisors LLC

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