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Listed with Silvercreek Realty Group
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Iconic Office Building on Prime 17th Street!! Recently Remodeled Interior, Featuring a Great 5-year Lease and Excellent Cap Rate. Prime Location, and Stable Investment. Building is 95% Leased Out to a Single Healthcare Organization on a 5 Year Lease at $156,000 Per Year. With Expenses, That is Nearly a 7.33% Cap Rate With That 1 Tenant Alone. There is a Second Tenant Paying Month to Month an Additional $1,500 Per Month, Increasing That Cap Rate to nearly 8.39%; This Space Could Be Vacated for the Buyer to Owner Occupy, It is a Very Nice Executive Suite. Great Investment Property!!!! This Property is Agent Owned, There is an Adjacent Property That Might Be Available as Well
| DAYS ON MARKET | 47 | LAST UPDATED | 5/5/2025 |
|---|---|---|---|
| YEAR BUILT | 1986 | COMMUNITY | Out of Area - 2000 |
| COUNTY | Bonneville | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Apr 23, '25 | $2,000,000 |
|---|---|
| Apr 23, '25 - May 5, '25 | $1,790,000 |
| May 5, '25 - Today | $1,699,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Out of Area - 2000 |
| HEAT | Forced Air |
| LOT | 0.7 acre(s) |
| SATELLITE VIEW |
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