6955 400Midvale, UT 84047

Property Details for 6955 400

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

5,616 SF

Zone code

CI

Property type

Retail properties

Property subtype

Auto shops

APN

21-24-377-001

APU

2124377001

Description

This exceptional 6,126-square-foot warehouse/shop space is available for lease in Midvale, Utah. Situated on a four-acre lot, this single-tenant property offers ample room for storage, operations, or retail. The building is classified as Class C and boasts a total of 6,126 square feet, all currently vacant and ready for immediate occupancy. The property's address is 6955 S 400 W, Midvale, UT 84047, within Salt Lake County. The property type is listed as both retail and industrial, making it versatile for a range of businesses. Annual property taxes are $0.14 per square foot. This presents a significant opportunity for businesses seeking a substantial space in a convenient location. The ample lot size provides potential for expansion or additional outdoor storage. The property's location in Midvale offers easy access to major transportation routes, enhancing logistics and distribution capabilities. Interested parties are encouraged to inquire for further details and leasing options. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,180,939

  6.5%

  $2,013,174

  7%

  $1,869,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,835,417

  Geo Method

  $2,835,417

• Alternative Use

  Use

  Valuation

  Residential

  $1,698,188

  Hospitality

  $1,555,531

  Educational

  $1,294,184

  Medical

  $1,338,692

  Retail

  $2,013,174

Location Insight

City

Midvale

County

Salt Lake

State

Utah

Latitude

40.6251

Longitude

-111.901

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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