8370 3500Magna, UT 84044
- Healthcare properties
- 3,272 SF
Property Details for 8370 3500
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.53 AC
- Property size (Sq ft)
- 3,272 SF
- Zone code
- C2
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 14-29-453-011
- APU
- 1429453011
Description
This exceptional investment opportunity presents a 3,272-square-foot dental office building situated on a 0.53-acre lot in Magna, Utah. Currently operating as a dental practice with a long-term tenant in place, this property offers a stable stream of rental income. The asking price is $850,000, representing a significant price reduction from the original listing. The building's versatile layout makes it suitable for a variety of medical or healthcare uses, providing future flexibility for the owner. Its prime location in Magna ensures easy accessibility for patients and staff, catering to the needs of a growing community. The property's strong potential for long-term appreciation, combined with the existing rental income, makes this an attractive investment in a robust market. The building's size and location make it an ideal asset for investors seeking a stable, high-yield property with significant upside potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. The property's current configuration and location offer a compelling investment proposition for those seeking a strong return on investment in the healthcare sector. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $864,389
- 6.5%
- $797,897
- 7%
- $740,905
-
Comparable approach
- Method
- Valuation
- Relative Method
- $655,545
- Geo Method
- $655,545
-
Alternative Use
- Use
- Valuation
- Residential
- $989,393
- Hospitality
- $906,278
- Educational
- $754,013
- Medical
- $779,945
- Retail
- $1,172,909
Location Insight
- City
- Magna
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.697
- Longitude
- -112.091
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].