7711 Main StMidvale, UT 84047

  • Sports & entertainment properties
  • 6,600 SF
For Sale
$1,700,000 View listing

Property Details for 7711 Main St

Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.15 AC
Property size (Sq ft)
6,600 SF
Zone code
HC
Property type
Sports & entertainment properties
Property subtype
Theaters & concert halls
APN
21-25-353-010
APU
2125353010

Description

This unique 7,000-square-foot mixed-use property in Midvale, Utah, presents a compelling investment opportunity. Built in 1938 and renovated in 1995, this three-story building boasts a rich history and flexible layout, currently configured as a theater and office space. The main floor features a 121-seat theater with a spacious stage (30' x 30' with 16'5" ceilings), a dance floor, cafe seating, a full kitchen with commercial-grade appliances, and a concession area. A liquor and beer license is available. The second floor houses a full stage control room and VIP seating, while the third floor offers three office suites complete with a conference room, shower, and restrooms. The property sits on a 0.15-acre lot (APN 21-25-353-010) in a prime location on Historic Main Street, just two blocks west of I-15 and five blocks from the Bingham Junction Trax Station. Benefiting from its location within a Federal Opportunity Zone and Midvale City's RDA area, the property is eligible for various grants and incentives for building improvements. The Main Street Form Based Code zoning allows for diverse uses. Ample free on-street parking and nearby parking structures provide convenient access. Matterport 3D floor plans are available for detailed viewing. The asking price is $1,700,000 ($242.86/sq ft). This property offers significant potential for redevelopment and repurposing, making it an attractive investment in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,995,739
    Hospitality
    $1,828,086
    Educational
    $1,520,946
    Medical
    $1,573,254
    Retail
    $2,365,916
7711 Main St, Midvale, Utah

Location Insight

City
Midvale
County
Salt Lake
State
Utah
Latitude
40.611
Longitude
-111.91
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
$4,514
$96,200
$324,300
$420,500
-
$96,200
$324,300
$420,500

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