Entity Owned Property summary
This 11,840 square foot retail center, situated on a 70-acre lot in Murray, Utah (APN 22-17-478-021-0000), presents a compelling redevelopment investment opportunity. The property, built in 1964, features a two-story building with seven units and ample on-site parking. Available spaces range from 1,000 to 8,640 square feet of street-level retail/office space, and 1,000 to 3,200 square feet of garden-level space. The property is zoned for commercial strip center use and boasts a prime location in Murray, known for its high household income and dense population. Lease rates are $15.00-$20.00 per square foot, NNN, with estimated NNN expenses of $5.00 per square foot. The sale price is $150.00 per square foot. This versatile property is ideal for a variety of retail and office users, including barbershops, salons, clothing stores, and other professional services. The property's size and location make it an excellent opportunity for both leasing and sale. This is a multi-tenant property with a NNN lease type.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
To provide areas in appropriate locations where convenience buying may be established to serve surrounding residential neighborhoods. The regulations of this district are designed to promote a combination of residential,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-N · Murray, UTTo provide areas in appropriate locations where convenience buying may be established to serve surrounding residential neighborhoods. The regulations of this district are designed to promote a combination of residential,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
To provide areas in appropriate locations where convenience buying may be established to serve surrounding residential neighborhoods. The regulations of this district are designed to promote a combination of residential,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-N in Murray, UT.
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