The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-04-30

y purchaseSOf 1921 feet frontage on .
y State street, by @. s Holmes, for y
= S32,500, and an option on the cor .
y ner OF Second East and Second y
y South streets. by the First Meth y
= odist church, for $4,000. The y
= sales of the day went beyond y
y $250000-
++A++%+444++++++++*+*444&+
- EAL ESTATE approximating A
n quarter of a million dollars IN
value changed hands in the bust
ness district of Salt Lake City yes
terday. 1t was the best day i'm this
line of business. all things considered.
that the city has seen in many years.
The significance Of the deals is not To
be ignored even by the most obtuse
or pessimistic-
Gus 5. Holmes and Frank Knox
closed deals by which they acquire til
tie 10 a magnificent body of ground
on the north side of Third South
street between Main and State Ih'E
is the First Methodist church proper.
the DeacOneSs' home just to the t-F
of the church, and the property as
the Home Missionary society 10 It's
east of the DeaCOneSS' home
This property has a total frontage
on Third South street of 1922 feet,
and most of il is 16-5 rods deep The
b pied 10y the First Methodist church.
] the middle third by the Deaconess'
[ home a three-StOry brick building the
east third Is occupied by the Audi
] torium hotel. well to the rear The
price paid was approximately Si25,-
/ 600.
Fight Was Lively One.
! The struggle fo- possession OF this
! property has been fierce since the
church people made arrangemeuts 10
deliver all three pieces together and
+ threw the whole on the market Many
I investors have been after it. but il
seems that MessTs- Holmes and Knox
/ got the inside track and OUt-geueraied
| all competitors. The purchase is con-
Sidered d good one because of the To-
! cation and the size of the lot
Mr. Holmes announced last night
/ that he and Mr. Knox would build
on the property IT once 10 SulJ len
! ants. or they would remodel the pres
! ent buildings to suit tenants. Already
/ there is a proposition on foot to con-
vert the old church into d theatre
It is also understood that the UNI
{ slightly One-StOTy Shacks ON the BLOCKS
I property adjOiniuE the church prop
/ erty on the east are to be torn out
I and replaced with substantial business
| blocks This viii add materially to
( the value and attracuVeness OF. the
street.
the church property is an option that
the First Methodist church leaders
have secured ON the corner of Second
south and second East streets, just
across the street % the south from
the old First Presbyterian church
This lot 7s S31.xr42 feet. The price the
/ church has agreed to pay is under
stood To he approximately $4,000 This
{ corner will be utilized as the site Tor
/ a modern, handsome and coIlEpaiouH
home for the members of the First
4 Methodist church The members have
/ sixty days in which &" Nteate men ,l1
home and i'm the meantime II Is IN
/ der9tOod they viii make dFrdll Selhrilts
( to build ON the new lnr-
t. r;-e+ South
.....,...., ..s 49,. 5.v
-, of r-f~sr south and
: ~, T7T-,,- now orruuieE hg the Aztec
, buiId5Do This was sold av Edward w
Center formerly of this city and more
TacaDtIy- of Colorado Springs, to VIII
lion, q, Johnston. a prominent business
man of Denver This PROPERTY mas 4 a
: froDraga of fifty feet ON First Soulh
F - - . El-fn OF ten rods The
/ 49,. - ---.,-,- =,-a9 this deal said the
C977e77a7a-for was $1,000 The deed
,,-ae NOD for record yesterday after
80 ~, 7,--fr.Tf--- on Che property is
e a two-story brick with a basement -
. : +1e 5r+aTr=n- Of the purchaser 10 cur
: - ~ ~ 80 -, fr-1 small stores and
I rent them He announces that ms pun
- - ----.--.s,.s-- investment. that
Z ( - -. ,J-.s.-r---r faith i'm salt Lake and
! nc HaS aoN.." d.. mas secured Sooi
Sull9IC.-7
49, = ..--,-a-+for IL Is interest
III -IiiS No. Mir center has just
I rs 20 NJ. -----r homo ..Ty,yv-iIE'' ore
5 80 LI7 - r,.srrr7ruT in Colorado
: 60 - -- rag0rf4rfug for the pUr-
, 81 ms: e'i-.' IN r-arf-17 FTfI I'm Den
II