8555 Magna Main StMagna, UT 84044

  • Retail properties
  • 2,545 SF
For Sale
$1,500,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
8555 Magna Main St, Magna, Utah

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

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
$2,679
$188,100
-
$188,100
-
$188,100
-
$188,100

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