623 Fort Union BlvdMidvale, UT 84047
- Mixed-use properties
- 19,258 SF
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.
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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