PEARSON & ASSOCIATES

4030 W 5415 S

Kearns, UT 84118

MLS#: 2137580

$2,400,000

Status: Pending
Listing number: 2137580
Listing provided by: Colliers International LLC (Wasatch)
Listing agent phone: None
Last update: 9 days ago
On site: 6 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1980

Sq.Footage

5,040

Three additional properties available. Exceptional investment opportunity in Salt Lake County. This recently remodeled laundromat, features the latest modern equipment and advanced management technology that allows you to monitor and control machines from your home, car, or on the slopes. In addition to retail coin revenue, the portfolio includes professionally managed hotel laundry contracts that provide consistent, diversified income and enhance overall cash flow stability. The four-location offering includes: 1315 West 500 North, Salt Lake City (Rose Park), 3520 West 3500 South, West Valley City (Star Coin Commercial Lease for Sale),1962 S 1100 East, Salt Lake City (Sugarhouse Commercial Lease for Sale) All four locations are coin-operated laundromats that have been recently renovated with updated equipment and systems. The first two properties are owner-occupied real estate. The Sugarhouse and West Valley City locations are commercial leasehold interests with long-term leases that include five-year extension options. This offering provides the opportunity to acquire a stabilized, multi-location laundry platform across established Salt Lake County submarkets, supported by modernized operations and diversified revenue streams. Detailed financials available upon request. Do not disturb tenants or employees.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.38

  • Lot Size(square feet)

    16,552

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $2,400,000

  • Tax Amount

    $17,132

  • Zoning

    C-2

  • Sq. Footage

    5,040

  • Price/SqFt

    $476

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

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Location

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Salt Lake

Elementary School

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Listing Courtesy of Dan Ford, Colliers International LLC (Wasatch)

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Agent Micah Pearson

Principal Broker

Micah Pearson

Call Micah today to schedule a private showing.

(801) 225-7272

micahpearson@gmail.com


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Three additional properties available. Exceptional investment opportunity in Salt Lake County. This recently remodeled laundromat, features the latest modern equipment and advanced management technology that allows you to monitor and control machines from your home, car, or on the slopes. In addition to retail coin revenue, the portfolio includes professionally managed hotel laundry contracts that provide consistent, diversified income and enhance overall cash flow stability. The four-location offering includes: 1315 West 500 North, Salt Lake City (Rose Park), 3520 West 3500 South, West Valley City (Star Coin Commercial Lease for Sale),1962 S 1100 East, Salt Lake City (Sugarhouse Commercial Lease for Sale) All four locations are coin-operated laundromats that have been recently renovated with updated equipment and systems. The first two properties are owner-occupied real estate. The Sugarhouse and West Valley City locations are commercial leasehold interests with long-term leases that include five-year extension options. This offering provides the opportunity to acquire a stabilized, multi-location laundry platform across established Salt Lake County submarkets, supported by modernized operations and diversified revenue streams. Detailed financials available upon request. Do not disturb tenants or employees.

4030 W 5415 S

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Generational land-banking and premier urban infill redevelopment opportunity positioned directly in the path of the 2034 Olympic legacy expansion. Encompassing 1.44 contiguous acres (62,726 Total Lot Square Feet)($39.83 per sq ft), this premier land parcel features an unmatched location profile: the south edge sits on a commanding corner lot at 4800 W Cougar Lane and Stone Ledge Cove, while the entire north border directly aligns with the beautiful city park next door to the world-renowned Utah Olympic Oval. Offered at an attractive land basis of $39.83 per square foot ($1,736,111 per acre), this rare gateway site represents the ultimate "Covered Land Play." The property is currently zoned as residential multifamily and features two homes with 5934 S & 5930 S with 6 updated condo style units encompassing a total of 10 bedrooms and 12 bathrooms, complemented by two substantial outdoor two-level storage units. This turnkey configuration is fully occupied and generates a steady $11,500 in monthly gross revenue ($138,000 annualized). This reliable, in-place cash flow allows an incoming developer to comfortably absorb the property's standard operating outlays and carrying costs, while navigating the engineering and municipal zoning and entitlement phases. Conceptual architectural design drawings to scale the site into a high-density mixed use / residential multifamily condo complex have earlier been discussed with municipal planning officials, receiving enthusiastic preliminary interest and pro-growth support for community housing revitalization. Review the attached conceptual drawings to see the immense potential for an expansive multi-use retail / condominium block or high-density luxury townhome footprint that blends seamlessly with the adjacent park. Flat, clear topography perfectly suited for the global spotlight of the 2034 Olympic cycle, with rapid logistical access to 5400 South, South Valley Regional Airport, and Salt Lake City International Airport. Owner agent. Property is actively occupied and requires at least 24 hours showing notice; please do not disturb tenants. Square footage figures are provided as a courtesy estimate only and was obtained from County. Buyer to verify all info, and is also advised to obtain an independent measurement.
#2183928

Kearns

5934 S COUGAR LN 5930

None Beds

None Baths

9,020 Sq.Ft.

$2,500,000

MLS#: 2183928

- property

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