8555 Magna Main StMagna, UT 84044
- Retail properties
- 2,545 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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