7444 State St Midvale, UT 84047-2001

This exceptional 1.66-acre property in Midvale, Utah presents a unique development opportunity. Currently zoned SF1, the city is poised to rezone the land to RMF, subject to specific stipulations. The sale includes a thriving storefront business and a single-family home situated on the rear parcel, offering immediate income potential and diverse usage options. The property comprises four contiguous parcels (Parcel IDs: 21254270090000, 21254270360000, 21254270470000, and 22303010120000), totaling 1.66 acres. This makes it ideal for a variety of commercial and residential projects. The asking price is $1,500,000. Seller financing is available with attractive terms: a $500,000 down payment and a three-year balloon mortgage at a 5% interest rate. This presents a compelling investment opportunity for developers seeking a versatile property with existing income streams and significant future development potential. The property is also listed on the MLS under listing number 1978208. Detailed zoning information and rezoning stipulations are available upon request. This is a rare chance to acquire a substantial parcel in a desirable Midvale location.