7711 Main StMidvale, UT 84047
- Sports & entertainment properties
- 6,600 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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