8327 State St Sandy, UT 84070

Property Details for 8327 State St

Year built

2021

Lot size

0.57 lot acres

Property size

10,901 SF

Zone code

MU

Property type

Strip malls

Property subtype

Neighborhood centers

APN

22-31-305-005

APU

2231305005

Description

This exceptional 9,878 square foot, two-story Class B office and retail building, located at 8327 S State St in Sandy, Utah, presents a unique investment or owner-user opportunity. Built in 2022, the property is currently a shell space, offering significant flexibility for customization. The building is divisible into eight separate suites, with the first floor comprising 4,918 square feet (divisible from 977 to 4,918 SF) and the second floor offering 4,960 square feet (divisible from 930 to 4,960 SF). The property sits on a 0.57-acre lot and includes 64 parking spaces. Zoned MU, it allows for a variety of uses, including executive office, pharmacy/drug store, and restaurant. The asking price is $2,900,000 ($293/SF), representing a compelling value in this prime Sandy location. A lease option is available at $25.00/SF/YR NNN (~$7.00/SF). The property's shell condition allows for complete tenant build-out, maximizing return on investment. The potential for condominium conversion adds further value. The building enjoys high visibility in a new mixed-use development area, ensuring strong tenant appeal. The adjacent parking lot is also potentially available for purchase, expanding parking capacity. This property offers a rare combination of size, flexibility, and location, making it an ideal investment for both owner-users and investors seeking a high-return opportunity. The occupancy date is March 1, 2024. The fee simple absolute ownership provides complete control and long-term value.

Location Insight

City

Sandy

County

Salt Lake

State

Utah

Longitude

-111.89

Latitude

40.6

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments