7263 State StMidvale, UT 84047

Property Details for 7263 State St

Year built

2011

Construction

WOOD FRAME

Lot size

0.98 AC

Property size (Sq ft)

2,915 SF

Zone code

SS

Property type

Retail space

APN

22-30-152-047

APU

2230152047

Description

This exceptional commercial property presents a unique investment opportunity in the thriving Midvale, Utah market. Located at 7263 S. State St, 84047, this 7,000 square foot storefront sits on a sizable 0.16-acre lot, offering significant potential for a variety of retail businesses. The property's prime location on State Street ensures high visibility and accessibility, attracting substantial foot traffic and maximizing exposure. The building's substantial square footage provides ample space for a large-scale retail operation or the possibility of subdividing for multiple tenants. This versatile property is ideal for entrepreneurs seeking a prominent location to establish their business or for investors looking for a strong return on investment in a rapidly growing area of Salt Lake County. The property is classified as both retail and land, offering flexibility for future development or expansion. Its strategic location in Midvale, Utah, provides easy access to major transportation routes and a dense residential population, ensuring a consistent customer base. This is a rare opportunity to acquire a significant commercial property in a highly desirable location. The property is currently available for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $1,132,023

  6.5%

  $1,044,944

  7%

  $970,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,471,731

  Geo Method

  $1,471,731

• Alternative Use

  Use

  Valuation

  Residential

  $881,450

  Hospitality

  $807,403

  Educational

  $671,750

  Medical

  $694,853

  Retail

  $1,044,944

Location Insight

City

Midvale

County

Salt Lake

State

Utah

Latitude

40.6198

Longitude

-111.89

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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