9046 Magna Main StMagna, UT 84044

Property Details for 9046 Magna Main St

Year built

1926

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,538 SF

Zone code

C-3

Property type

Retail space

APN

14-19-454-024

APU

1419454024

Description

This exceptional retail property, located at 9046 MAGNA MAIN in Magna, UT, presents a unique investment opportunity. Situated on a 0.07-acre lot in the heart of historic Magna Main Street, this all-brick building offers a charming and established presence. The property currently houses Blue Lotus Body Adornments, a reputable and long-term tenant, contributing to the consistent income stream. The building benefits from a newer roof and new central air conditioning, minimizing maintenance concerns for the new owner. Its prime location offers unparalleled accessibility and visibility, being just minutes from Salt Lake City and Salt Lake International Airport. This high-traffic area is home to a variety of shops and cafes, creating a vibrant and attractive atmosphere for businesses. The property's historic character and modern updates combine to create a truly unique and desirable commercial space. Showings are by appointment only to ensure minimal disruption to the current tenant. Don't miss this chance to own a piece of Magna's rich history and thriving commercial landscape. The asking price is $599,900.

• CAP approach

  CAP return

  Valuation

  6%

  $985,600

  6.5%

  $909,785

  7%

  $844,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,281,390

  Geo Method

  $1,281,390

• Alternative Use

  Use

  Valuation

  Residential

  $767,438

  Hospitality

  $702,969

  Educational

  $584,862

  Medical

  $604,976

  Retail

  $909,785

Location Insight

City

Magna

County

Salt Lake

State

Utah

Latitude

40.7112

Longitude

-112.107

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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