9046 Magna Main StMagna, UT 84044
- Retail properties
- 2,538 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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