Technical
Financial
Distress signals
Property profile

8555 Magna Main St Magna, UT 84044

OFF-MARKET
Retail space
Property ID
US86-0492756
2,545 SF 0.26 ac lot Built 2001
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1-acre retail property at 8555 Magna Main, Magna, UT, presents a lucrative investment opportunity. Priced at $1,500,000, the building currently houses four tenants, including a restaurant and two catering kitchens, totaling three kitchens. The versatile layout allows for various configurations. The possibility exists to consolidate the space into one larger restaurant or to add another retail space, maximizing rental income. A convenient drive-thru is located on the west end of the building, enhancing operational efficiency and customer convenience. The existing front space, currently used for retail, is adaptable to office use. Note that various kitchen equipment is owned by both the tenants and the property owner. Detailed financial information, including tenant leases and profit and loss statements, is available upon execution of a non-disclosure agreement. This property offers significant potential for growth and return on investment in a desirable Magna location. Serious inquiries only. Financial information will be provided to qualified buyers under a non-disclosure agreement. The property is currently leased and tenants should not be disturbed.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,545 SF
Lot 0.26 ac (11,326 SF)
Zoning code C-2
APN 14-29-126-001
UPID US86-0492756

Cap rate & NOI

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

Location

8555 Magna Main St Magna, UT 84044-1416
Magna metro Census 113906 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2020
Price N/A
2009
Price N/A
2004
Price N/A
1969
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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