8555 Magna Main StMagna, UT 84044

Property Details for 8555 Magna Main St

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

2,545 SF

Zone code

C-2

Property type

Retail space

APN

14-29-126-001

APU

1429126001

Description

This exceptional 1-acre retail property at 8555 Magna Main, Magna, UT, presents a lucrative investment opportunity. Priced at $1,500,000, the building currently houses four tenants, including a restaurant and two catering kitchens, totaling three kitchens. The versatile layout allows for various configurations. The possibility exists to consolidate the space into one larger restaurant or to add another retail space, maximizing rental income. A convenient drive-thru is located on the west end of the building, enhancing operational efficiency and customer convenience. The existing front space, currently used for retail, is adaptable to office use. Note that various kitchen equipment is owned by both the tenants and the property owner. Detailed financial information, including tenant leases and profit and loss statements, is available upon execution of a non-disclosure agreement. This property offers significant potential for growth and return on investment in a desirable Magna location. Serious inquiries only. Financial information will be provided to qualified buyers under a non-disclosure agreement. The property is currently leased and tenants should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $988,319

  6.5%

  $912,294

  7%

  $847,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,284,925

  Geo Method

  $1,284,925

• Alternative Use

  Use

  Valuation

  Residential

  $769,554

  Hospitality

  $704,908

  Educational

  $586,475

  Medical

  $606,645

  Retail

  $912,294

Location Insight

City

Magna

County

Salt Lake

State

Utah

Latitude

40.7109

Longitude

-112.096

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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