$3,500,000

1174 E GRAYSTONE WAY, Salt Lake City UT, 84106

Price per sqft$183.26

Built in1962

Property size19,099 sqft

Property typeCommercial

Overview

Active

Listed Feb 12, 2026

Updated 3 weeks ago

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.

Additional information

MLS^® ID: 2136948

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.23 Acres

Other Property Details

Taxes: $20,420
Tax Frequency: Annually
55+/Senior Community: No

Courtesy of Investment Realty Advisors LLC

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6:23 PM UTC, 8/24/2026. 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 deemed reliable but not guaranteed and should be independently verified. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jensen and Company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.