Show BUY VOlUNTEERS HOTEl Utah Investment Trust Company Purchases Property Opposite Police Station The Tue opposite the police olire sta Ma station tion timi on First South street between State and Second East last streets occupied by the Volunteers of oC America hotel was sold yesterday by Frank J Schumacher of Los Angeles through the A Richter agency to the Utah Investment Trust company compan The Tile consideration was Wa approximately approximately The property has a frontage of 53 feet on First South street with a depth of 4 fe feet t The frame building occupying Part of the ground was at one onetime onetime time used u as a church but at present is used as a hotel by b the Volunteers of America The new owners are said to have bought the property for investment purposes only though it is likely like I that the hotel building will be improved In the near future Mr Ir Schumacher bought the time four years ears ago and only decided to s sell H when a flattering offer was made by the local company This Is one of a number of realty holdings acquired by b him since he came to time the conclusion that Salt Lake real estate was a good buy The purchase of property pro rt in this neigh neighborhood n neighborhood is proof conclusive that not all the tue Interest in business district property is being confined to the upper Main lower Main or 01 central State street districts The flie Utah Itah Investment Trust company composed of a number of well known Salt Investigated prices of sites of in various parts of the business dis triet and came to the conclusion that the business district must necessarily expand with the growth of the city and that this expansion will not all be southward but to the tile east and west Ivest as well |