1776 7800West Jordan, UT 84088

Property Details for 1776 7800

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.32 AC

Property size (Sq ft)

46,980 SF

Zone code

SC-2

Property type

Retail properties

Property subtype

Retail space

APN

21-27-377-030

APU

2127377030

Description

This single-story, Class C retail center, Independence Square Shopping Center, located at 1776 7800 S in West Jordan, UT 84088, offers a prime investment opportunity. Built in 1978, the property boasts a total of 98,879 square feet across a 9.09-acre lot. Currently, there is 13,380 square feet of vacant space available, with a maximum contiguous space of 10,080 square feet, ideal for a variety of retail uses. The center features ample parking with a ratio of 4.5 spaces per 1,000 square feet. The property is categorized as both inline and freestanding retail, providing flexibility for potential tenants. Its location in Salt Lake County ensures high visibility and accessibility for customers. This is a multi-tenant property presenting a strong opportunity for investors seeking a well-located retail center with significant potential for growth. The property's size and layout offer considerable flexibility for various retail concepts. The available space presents a chance to establish a significant presence in a thriving West Jordan community. The property's existing infrastructure and ample parking provide a convenient shopping experience for customers.

• CAP approach

  CAP return

  Valuation

  6%

  $18,244,444

  6.5%

  $16,841,024

  7%

  $15,638,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,719,356

  Geo Method

  $23,719,356

• Alternative Use

  Use

  Valuation

  Residential

  $14,206,035

  Hospitality

  $13,012,651

  Educational

  $10,826,373

  Medical

  $11,198,709

  Retail

  $16,841,024

Location Insight

City

West Jordan

County

Salt Lake

State

Utah

Latitude

40.6107

Longitude

-111.94

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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