Franklin Ave Cocktails & Restaurant

For Sale

231 South Edison Street, Salt Lake City, UT 84111

This Salt Lake City property for sale is located at 231 South Edison Street. The current listed sale price for Franklin Ave Cocktails & Restaurant is $3,000,000. Franklin Ave Cocktails & Restaurant is situated on a lot that is 0.01 acre in size.

Contacts

broker

Shad Selmos

KW Commercial | Salt Lake City

Property Details

  • Property Type Retail - Restaurant
  • Units 0
  • Lot Size 0.01 Acre
  • Additional Rent Contact for pricing
  • Date Updated Sep 5, 2024

 

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.

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Getting around

  • 92/100

    Walk Score ®

  • 70/100

    Transit Score ®

  • 91/100

    Bike Score ®

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Location

  • City Salt Lake City, UT
  • Neighborhood Central City
  • Zip Code 84111
  • Market Salt Lake City

Points of Interest

  • City Center

    0.36 miles

  • Temple Square

    0.58 miles

  • 600 South (Under Construction)

    0.64 miles

  • Arena

    0.83 miles

  • 900 East

    1.08 miles

  • North Temple Bridge/Guadalupe

    1.14 miles

  • University South Campus

    2.46 miles

  • Fort Douglas

    2.60 miles

  • Central Pointe

    2.79 miles

  • 300 East

    2.89 miles

  • 7 Eleven

    0.30 miles

  • Chevron

    0.60 miles

  • Sinclair Service Station

    0.70 miles

  • Fast Break Gas

    0.71 miles

  • Smith's Fuel Center

    0.76 miles

  • ChargePoint

    0.77 miles

  • Sinclair

    0.78 miles

  • Mavrick

    0.78 miles

  • Maverik

    0.95 miles

  • Chevron

    0.96 miles

  • Regent Street Parking Garage

    0.23 miles

  • Library Square

    0.31 miles

  • Peery Lot

    0.45 miles

  • 500 South Lot

    0.46 miles

  • (Parking structure)

    0.63 miles

  • Dealer Lot

    0.65 miles

  • Summer Parking

    0.90 miles

  • s

    1.39 miles

  • Hell Canyon Trailhead

    1.42 miles

  • Nate Wade Subaru Lot

    1.53 miles

  • Roctaco

    0.03 miles

  • Curry Up Now

    0.05 miles

  • Este Pizza

    0.05 miles

  • Copper Common

    0.07 miles

  • Toasters

    0.08 miles

  • The Copper Onion

    0.08 miles

  • Taqueria 27

    0.08 miles

  • Cancun Cafe

    0.10 miles

  • MONARCA

    0.12 miles

  • DP Cheesesteak

    0.15 miles

  • Harmons City Creek

    0.26 miles

  • Disney Store

    0.33 miles

  • The Leo Store

    0.36 miles

  • City Creek Center

    0.37 miles

  • Macy's

    0.39 miles

  • Nordstrom

    0.47 miles

  • Shop-N-Go

    0.63 miles

  • Smith's

    0.66 miles

  • Ross

    0.71 miles

  • Sprouts Farmers Market

    0.72 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Shad Selmos

KW Commercial | Salt Lake City