$3,500,000

1174 E GRAYSTONE WAY, Salt Lake City, UT 84106

Commercial Property
Built in 1962
10,019sqft lot
—— car garage
$——/sqft
Listed 4 months ago

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.

Listing Status:: Active
Date Added:: February 12, 2026
Data Last Updated:: June 27, 2026 at 3:42PM
Listing Office:: Investment Realty Advisors LLC : 435-485-7070
Listing Agent:: Cory Waddoups : 801-609-8342
MLS ID:: 2136948

General: Alarm: SecurityBasementRefrigeratorRestroom: Public
Flooring: CarpetHardwoodTile
A/C: Central Air
Heating: Forced Air

Parking: Parking spaces: 0

Roofing: Asphalt
Windows: Blinds
General: Blt./Standing

Originating MLS: UtahRealEstate.com
County: Salt Lake

Zoning: Multi-FamilyCommercial16-29-238-004
Current Use: Office

Source: UtahRealEstate.com

This listing courtesy of Cory Waddoups , Investment Realty Advisors LLC

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Principal & Interest $
Property Taxes $
Home Insurance $
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