7720 700th E Midvale, UT 84047-2852
This exceptional .3-acre commercial lot in Cottonwood Heights, Utah, presents a unique development opportunity. Situated at 7720 S 700 E, this corner lot boasts unparalleled visibility and high traffic counts, averaging 24,900 vehicles daily. Its strategic location places it directly across the street from a Harmon's Grocery Store, between Hillcrest High School and Union Middle School, ensuring consistent foot traffic and a strong customer base. The property is zoned CN, allowing for a variety of commercial uses, including retail, office, and commercial developments. Building plans can accommodate structures up to 40 feet high, with a potential footprint exceeding 6,000 square feet, making it ideal for a single-tenant drive-through establishment. The asking price is $500,000, and the property includes two APNs: 22-30-477-0170000 and 22-30-477-0160000. This is a well-priced acquisition in a high-income area, offering significant potential for return on investment. The seller is also offering a neighboring property and an office building for sale as a package deal. Don't miss this chance to secure a prime commercial location in a thriving community.
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
CN · Midvale, UTMidvale. Always verify with local authorities before improvements.
Costs & 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.