7444 Union Park AveMidvale, UT 84047
- Retail properties
- 4,300 SF
Property Details for 7444 Union Park Ave
- Year built
- 2011
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 4,300 SF
- Zone code
- C-2
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 22-29-402-005
- APU
- 2229402005
Description
This exceptional 4,300-square-foot freestanding retail building is ideally situated on Union Park Avenue in Salt Lake City's Midvale | Fort Union submarket. Boasting a single-tenant occupancy, this property presents a unique investment opportunity for sale or lease. The building sits on a 0.23-acre lot, providing ample space and visibility. Conveniently located near the intersection of Union Park Avenue and 7400 South / 1300 East, this property benefits from high traffic counts, with a reported 33,643 average daily traffic on Union Park Avenue. The property includes eight parking stalls for customer and employee convenience. The building is zoned C, allowing for a variety of retail uses. The property features a single story and no elevators. The asking price for the sale of this property is $1,900,000. For lease, the rate is $32 per square foot, NNN. The property's APN is 22-29-005-0000, and it is located in Salt Lake County. This is a quietly marketed opportunity; please do not disturb the tenant. This prime location and strong traffic counts make this a highly desirable retail space. The property's single-tenant occupancy ensures a stable income stream for investors. Don't miss this chance to acquire a valuable asset in a thriving Salt Lake City market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,669,881
- 6.5%
- $1,541,428
- 7%
- $1,431,326
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,170,992
- Geo Method
- $2,170,992
-
Alternative Use
- Use
- Valuation
- Residential
- $1,300,252
- Hospitality
- $1,191,024
- Educational
- $990,918
- Medical
- $1,024,997
- Retail
- $1,541,428
Location Insight
- City
- Midvale
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.616
- Longitude
- -111.859
- 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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