8370 3500Magna, UT 84044

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

Medical offices

Property subtype

Medical centers

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.

• 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 Income

  $989,393

  Hospitality / Lodging

  $906,278

  Institutional / Educational

  $754,013

  Healthcare / Senior Housing

  $779,945

  Retail / Commercial

  $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

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