9046 Magna Main StMagna, UT 84044

  • Retail properties
  • 2,538 SF
For Sale
$599,900 View listing

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
9046 Magna Main St, Magna, Utah

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

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
$3,633
$46,600
$208,500
$255,100
-
$46,600
$208,500
$255,100

FAQs

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