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7676-7680 S State St Midvale, UT 84047

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For Sale
$6,350,000

Four commercial buildings on 1.29 acres with income potential.

Building Details

Year built
1976

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Listing Contact
Chris Metos
Chris Metos
Source: Iproperties

Listing Agency: InterNet Properties Inc Listing Agent: Chris Metos

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Versatile Commercial Buildings Investment Opportunity

This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures encompassing 40 individual units, which offer the flexibility to be combined to accommodate current or future tenant expansion needs. The remaining two buildings include a single-family residence and a fully renovated retail space, now equipped for restaurant use including a brand new hood, grease trap, restrooms, flooring, and lighting. The restaurant building includes a newly executed 5-year lease. The property benefits from close proximity to major freeways, public transportation options, and high average daily traffic counts. The property is centrally located with excellent accessibility off of State Street. It is ideal for investors seeking stability and value-add opportunities in a dynamic Salt Lake County market.
Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Midvale
County
Salt Lake
State
Utah
Longitude
-111.8918893
Latitude
40.6117902

FAQs

What type of property is this?
Mixed-use property - Four commercial buildings on 1.29 acres with income potential.
Where is this mixed-use property located?
The property is located at 7676-7680 S State St Midvale, UT.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: - Immediate in-place cash flow with strong upside potential.; - Four commercial buildings on two parcels totaling 1.29 acres.; - Newly executed 5-year lease on fully renovated retail/restaurant building.
More about this property
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