ActiveCommercial · sale

1174 E GRAYSTONE WAY

Salt Lake City, UT 84106

$3,500,000

  • 0.23 acres
  • Built 1962

Listed by Investment Realty Advisors LLC · MLS #2136948

1174 E GRAYSTONE WAY, Salt Lake City, UT 84106 — photo 1 View full photo
1 / 21

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1962.

Property size

0.23 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

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.
Explore the locationMore properties in Salt Lake City

THE NEIGHBORHOOD

Explore the location.

1174 E GRAYSTONE WAY, Salt Lake City, UT 84106

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Commercial Sale
Category
Commercial
Year built
1962
Cooling
Central Air
Heating
Forced Air
Flooring
Carpet,Hardwood,Tile
Pool
No
Spa
No
Subdivision
PARK
Zoning
Multi-Family, Commercial
Parcel
16-29-238-004
Annual property tax
$20,420.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Your plans for a property go beyond the purchase. Talk with ERA about the management services available for your property type and market.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Discuss property managementTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

1174 E GRAYSTONE WAY, Salt Lake City, UT 84106 · MLS #2136948

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Salt Lake City.

301 E 1700 S$499,900301 E 1700 SSalt Lake City, UT372 E 100 S$4,500,000372 E 100 SSalt Lake City, UT$1758 S REDWOOD RDSalt Lake City, UT

Listing information

MLS #2136948 · Utah Real Estate MLS

Listing brokerage: Investment Realty Advisors LLC
Listing agent: Cory Waddoups

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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.