Franklin Ave Cocktails & Restaurant – Land for sale

Property Description

Introducing a prime investment opportunity in the heart of downtown Salt Lake City! Nestled at 231-233 S Edison Street, this street retail property is part of the prestigious Warhol Lofts building, offering a seamless blend of commercial vibrancy and luxury living. Boasting a solid NNN lease, this property is a lucrative investment, generating $173,376.00 annually with 3% annual increases. The lease extends until November 30th, 2033, with the added benefit of four 5-year options to renew, ensuring long-term stability and profitability. Currently occupied by the esteemed Franklin Avenue Cocktails & Kitchen, known for its high-end cuisine and crafted cocktails, the tenant’s guarantor brings a wealth of experience, owning multiple successful restaurants in downtown Salt Lake City. Whether you’re seeking a reliable income stream or a strategic addition to your portfolio, this opportunity presents unmatched potential in one of Salt Lake City’s most sought-after locations. Don’t miss your chance to secure your stake in this thriving urban landscape! DO NOT DISTURB TENANT- Tours are available by appointment only.

Highlights

Charming historic building with character
Prime location in Salt Lake City
Zoned for retail and restaurant use
Spacious 5,706 SF interior
Flexible floor plan for customization
High visibility and foot traffic
Potential for outdoor seating or display
Historic appeal for unique branding
Proximity to popular attractions and amenities

Shad Selmos
(385) 247-9382
shadselmos@kw.com