7708 700th E Midvale, UT 84047-2852
This exceptional investment opportunity presents a 5,626 square foot, two-story office building situated on a 0.63-acre lot in Midvale, Utah. The property, located at 7708 S 700 E, boasts a desirable Commercial Neighborhood (CN) zoning, allowing for diverse development options. Built in 1977, the existing Class C building offers immediate income potential, currently featuring 13 rooms suitable for offices, a large bullpen area, and existing infrastructure for a phone system. Previously used as a call center, the space is well-suited for professional, medical, or corporate office uses. The property's prime location offers high visibility and traffic, situated across from Harmon's Grocery Store and between Hillcrest High School and Union Middle School. With ample parking and convenient access, this property presents a compelling redevelopment opportunity. The 0.63-acre lot allows for the construction of approximately 15,000+ square feet of new space, with approved uses including commercial, retail, and office, and building heights up to 40 feet. The asking price for this exceptional property is $1,495,000. An adjacent 0.3-acre lot is also available for purchase, offering the potential for a larger development. The property's APN is 22304770190000 and 22304770180000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-N · Midvale, UTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.