8588 Magna Main St Magna, UT 84044-1258
Property profile & analytics
8588 Magna Main St Magna, UT 84044-1258
- Grocery and convenience stores
- 880 SF
- 0.22 lot acres
Property ID
US86-0450320
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 8588 Magna Main St
- Year built
- 1922
- Construction
- WOOD FRAME
- Lot size
- 0.22 lot acres
- Property size
- 880 SF
- Zone code
- C-2
- Property type
- Grocery and convenience stores
- APN
- 14-20-377-016
- APU
- 1420377016
Description
This 880-square-foot retail property, situated on a 0.22-acre lot in Magna, Utah (APN: 14-30-377-016-0000), presents a unique redevelopment opportunity. Zoned C-2, this vacant building offers significant potential for a variety of uses, including convenience store, QSR, or restaurant. Previously a gas station, environmental remediation has been completed, with only minor testing remaining before a No Further Action (NFA) letter is issued. A preliminary approval for a double drive-thru has already been obtained, and the seller is actively progressing towards full completion, including sidewalk, well, and landscaping improvements. The asking price of $350,000 reflects the current stage of the project and is expected to increase with further improvements. The total building square footage is 9,583 square feet, built in 1922 and renovated in 1997. While a lease of the completed drive-thru is an option, the lease price has yet to be determined. An existing insurance policy protects the buyer against potential additional remediation costs. This is an entry-level business or investment opportunity in a revitalizing area with over 3,500 new homes permitted nearby. The land value is $31.20 per square foot. The property is located at 8588 W Magna Main St, Magna, UT 84044.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Magna
- County
- Salt Lake
- State
- Utah
- Longitude
- -112.097
- Latitude
- 40.7114
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,925
$268,700
$147,300
$416,000
-
$268,700
$147,300
$416,000
