8370 3500Magna, UT 84044

  • Healthcare properties
  • 3,272 SF
For Sale
$950,000 View listing

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
8370 3500, Magna, Utah

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,841
$265,700
$284,800
$550,500
-
$265,700
$284,800
$550,500

FAQs

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