8548 Magna Main StMagna, UT 84044

Property Details for 8548 Magna Main St

Year built

1925

Construction

WOOD FRAME

Lot size

0.11 AC

Property size (Sq ft)

2,560 SF

Zone code

C-2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14-20-378-013

APU

1420378013

Description

This exceptional commercial property, located at 8548 Magna Main in Magna, Utah, presents a fantastic investment opportunity. The 0.11-acre lot houses a flexible retail space ideally suited for a variety of businesses. Its strategic location on Historic Magna Main ensures high visibility and accessibility, benefiting from significant vehicle and pedestrian traffic. The property is zoned C-2 commercial, offering versatility in permitted uses. This allows for a wide range of potential business applications, making it an attractive prospect for entrepreneurs and investors alike. The asking price is $429,900. The building's square footage is not currently specified, however, the substantial lot size and prime location make this a compelling opportunity to establish or expand a commercial enterprise in a thriving area. The property's position on Magna Main Street provides excellent exposure to a consistent flow of customers, maximizing potential for business success. Serious inquiries are encouraged to explore the possibilities this unique commercial property offers. The C-2 zoning designation ensures a broad spectrum of permitted uses, allowing for adaptability and future growth. This is a rare chance to acquire a well-situated commercial property in a desirable and developing area of Magna, Utah. Don't miss this chance to own a piece of Magna's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $838,597

  6.5%

  $774,090

  7%

  $718,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,989

  Geo Method

  $794,989

• Alternative Use

  Use

  Valuation

  Residential

  $774,090

  Hospitality

  $709,062

  Educational

  $589,931

  Medical

  $610,220

  Retail

  $917,671

Location Insight

City

Magna

County

Salt Lake

State

Utah

Latitude

40.7114

Longitude

-112.096

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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