282 7200Midvale, UT 84047

Property Details for 282 7200

Year built

1979

Lot size

0.71 AC

Property size (Sq ft)

5,676 SF

Zone code

C-I

Property type

Turn key restaurants

APN

21-25-203-014

APU

2125203014

Description

This exceptional freestanding restaurant building presents a lucrative investment opportunity in Midvale, Utah. Located at 282 W 7200 S, this 5,676 square foot property sits on a highly visible 0.71-acre lot, boasting 30 parking stalls and excellent access via a signalized intersection. Its prime location near Interstate 15 ensures high traffic volume and easy accessibility for customers. The building features a prominent pylon sign, maximizing its visibility to potential patrons. The asking price is $2,300,000, translating to $405.21 per square foot. The property is currently occupied, so please do not disturb the tenant. This turnkey restaurant offers immediate potential for a new owner or operator to step in and capitalize on its established presence and strategic location. The property is available for sale or lease, providing flexibility for potential buyers or lessees. Its size and features make it ideal for a variety of restaurant concepts. The ample parking and convenient location are key advantages in a competitive market. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a thriving area of Midvale.

• CAP approach

  CAP return

  Valuation

  6%

  $2,204,241

  6.5%

  $2,034,684

  7%

  $1,889,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,865,710

  Geo Method

  $2,865,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,716,332

  Hospitality

  $1,572,151

  Educational

  $1,308,011

  Medical

  $1,352,996

  Retail

  $2,034,684

Location Insight

City

Midvale

County

Salt Lake

State

Utah

Latitude

40.6209

Longitude

-111.899

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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