7235 3500Magna, UT 84044

Property Details for 7235 3500

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.79 AC

Property size (Sq ft)

37,640 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

14-33-228-027

APU

1433228027

Description

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the thriving city of Magna, Utah. Located at 7235 W 3500 S, this single-tenant property boasts unparalleled visibility on heavily trafficked 3500 South. The site is ideally situated within a robust retail environment, anchored by Reams and surrounded by a diverse mix of established businesses including Public Storage, a Utah State Liquor Store, 7-Eleven, AutoZone, O'Reilly Auto Parts, and Village Car Wash. This strategic location ensures high foot traffic and excellent brand exposure for any prospective tenant. The property is classified as Commercial Land and Retail, offering significant potential for development. The land area is approximately one acre. Pricing is negotiable, making this an attractive proposition for investors seeking a prime location in a rapidly growing market. Salt Lake County provides a stable and supportive business environment. This property offers a rare chance to acquire a highly visible and well-located retail pad site in a desirable area. Serious inquiries are encouraged to discuss pricing and development possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $14,617,066

  6.5%

  $13,492,676

  7%

  $12,528,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,003,758

  Geo Method

  $19,003,758

• Alternative Use

  Use

  Valuation

  Residential

  $11,381,577

  Hospitality

  $10,425,464

  Educational

  $8,673,863

  Medical

  $8,972,171

  Retail

  $13,492,676

Location Insight

City

Magna

County

Salt Lake

State

Utah

Latitude

40.6957

Longitude

-112.064

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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