Active
1174 E Graystone Way, Salt Lake City, UT 84106
$3,500,000
19,099 sqft
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.
TOP 20% VALUE: priced better per square foot than 7 of the 7 most similar active listings nearby.
| Year built | 1962 |
|---|---|
| Lot size | 0.23 acres |
| Stories | 0 |
| Type | Office |
| Annual taxes | $20,420 |
| County | Salt Lake County |
| MLS # | 2136948 |
| Days on market | 640 |
Photos (21)
Listing courtesy of Cory Waddoups, Investment Realty Advisors LLC.
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