Description
Seven-unit office building close to downtown. Newport Square provides Class B office space that is becoming increasingly scarce as the city redevelops. Originally one-bedroom apartments with the kitchen converted to a reception area and two private suites created from the living and bedrooms of each unit. Tenants and their clients love the East Coast charm, natural light, ample parking, and the iconic location. Just off South Temple by the Governor's Mansion in the Central City Historic District. Not a historic landmark but considered "contributory" to the character of the neighborhood. There may be potential to add on and utilize the oversized .30-acre lot, subject to the Historic Landmark Commission and design guidelines. Also potential to increase future income by raising rents and renting the owners' office and 6 private garages that the owner uses for storage. Eligible for low-interest rehabilitation loans and tax incentives for certain improvement projects. Shown by appointment.
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0BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Seven-unit office building close to downtown. Newport Square provides Class B office space that is becoming increasingly scarce as the city redevelops. Originally one-bedroom apartments with the kitchen converted to a reception area and two private suites created from the living and bedrooms of each unit. Tenants and their clients love the East Coast charm, natural light, ample parking, and the iconic location. Just off South Temple by the Governor's Mansion in the Central City Historic District. Not a historic landmark but considered "contributory" to the character of the neighborhood. There may be potential to add on and utilize the oversized .30-acre lot, subject to the Historic Landmark Commission and design guidelines. Also potential to increase future income by raising rents and renting the owners' office and 6 private garages that the owner uses for storage. Eligible for low-interest rehabilitation loans and tax incentives for certain improvement projects. Shown by appointment.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2022-06-28T20:38:18.997. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.