1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
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Jessica Sorenson

Jessica Sorenson

+1(801) 897-5005
$ 3,500,000
Est. payment | /mo

10,018 Sqft Lot

Save
$ 3,500,000
Est. payment | /mo
Save

10,018 Sqft Lot

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

Nearby Locations

Jessica Sorenson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 897-5005

jessicalsorenson@gmail.com

South Jordan, UT, 84009, USA

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1174 E GRAYSTONE WAY