Property profile

7235 3500th S Magna, UT 84044

OFF-MARKET
Grocery and convenience stores
Property ID
US86-1294654
37,640 SF 3.79 ac lot Built 1986
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the thriving city of Magna, Utah. Located at 7235 W 3500 S, this single-tenant property boasts unparalleled visibility on heavily trafficked 3500 South. The site is ideally situated within a robust retail environment, anchored by Reams and surrounded by a diverse mix of established businesses including Public Storage, a Utah State Liquor Store, 7-Eleven, AutoZone, O'Reilly Auto Parts, and Village Car Wash. This strategic location ensures high foot traffic and excellent brand exposure for any prospective tenant. The property is classified as Commercial Land and Retail, offering significant potential for development. The land area is approximately one acre. Pricing is negotiable, making this an attractive proposition for investors seeking a prime location in a rapidly growing market. Salt Lake County provides a stable and supportive business environment. This property offers a rare chance to acquire a highly visible and well-located retail pad site in a desirable area. Serious inquiries are encouraged to discuss pricing and development possibilities.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 37,640 SF
Lot 3.79 ac (165,092 SF)
Zoning code C-2
APN 14-33-228-027
UPID US86-1294654

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7235 3500th S Magna, UT 84044-2446
Magna metro Census 113905 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.22M

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

C-2 · Magna, UT
Zoning description

The Zone is intended to provide retail uses, service oriented businesses, offices, and restaurants in an integrated center, Each center shares common architecture, access, parking, signage, and landscape design, Each cen…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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