623 Fort Union BlvdMidvale, UT 84047

  • Mixed-use properties
  • 19,258 SF
For Sale
$2,138,400 View listing

Property Details for 623 Fort Union Blvd

Year built
2006
Lot size
1.53 AC
Property size (Sq ft)
19,258 SF
Zone code
MU
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
22-30-232-028
APU
2230232028

Description

This exceptional investment opportunity presents a 7,128 square foot executive office building located at 623 Fort Union Blvd, Midvale, UT 84047. The property boasts a strong net operating income (NOI) of $107,632.80, translating to a desirable 5.03% capitalization rate. Priced at $2,138,400, this translates to $300 per square foot. The building consists of multiple units, specifically six units with APNs: 22-30-232-024-0000, 22-30-232-025-0000, 22-30-232-026-0000, 22-30-232-027-0000, 22-30-232-019-0000, and 22-30-232-020-0000. Situated in the vibrant and rapidly growing community of Midvale, within Salt Lake County, this property offers a compelling investment prospect in a thriving business climate. The strong tenant in place contributes to the property's consistent income stream and makes it an attractive addition to any commercial real estate portfolio. This prime Midvale location ensures easy access and high visibility, making it an ideal investment for discerning buyers seeking a stable and profitable asset.

623 Fort Union Blvd, Midvale, Utah

Location Insight

City
Midvale
County
Salt Lake
State
Utah
Latitude
40.6216
Longitude
-111.874
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
2022
-
$500
$1,000
$1,500
-
$500
$1,000
$1,500

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