7351 Union Park AveMidvale, UT 84047

Property Details for 7351 Union Park Ave

Year built

1996

Construction

WOOD FRAME

Lot size

1.06 AC

Property size (Sq ft)

16,854 SF

Zone code

PO

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

22-29-276-029

APU

2229276029

Description

This exceptional two-story office building, located at 7351 South Union Park Avenue in Midvale, Utah, presents a fantastic leasing opportunity. The property, totaling 16,790 square feet, is classified as a Class B building and was constructed in 1996. Currently, there are 4,333 square feet of vacant space available for lease, ideal for a variety of professional office uses. The building features a traditional office layout suitable for multiple tenants. Ample parking is provided, with a ratio of 5 spaces per 1,000 square feet. The property is situated in Salt Lake County, Utah, with the convenient zip code of 84047. This presents a unique chance to secure office space in a well-established building with readily available parking. The building's location offers easy access to major transportation routes and local amenities, making it an attractive option for businesses seeking a functional and accessible workspace. The available space is ready for immediate occupancy, providing a seamless transition for your business operations. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this prime Midvale location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,521,082

  6.5%

  $5,096,384

  7%

  $4,732,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,233,884

  Geo Method

  $5,233,884

• Alternative Use

  Use

  Valuation

  Residential

  $5,096,384

  Hospitality

  $4,668,260

  Educational

  $3,883,937

  Medical

  $4,017,512

  Retail

  $6,041,680

Location Insight

City

Midvale

County

Salt Lake

State

Utah

Latitude

40.6175

Longitude

-111.858

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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