8945 W Magna Main St Magna, UT 84044
This exceptional 7,700 square foot freestanding retail building presents a unique investment opportunity in Magna, Utah. Located at 8945 W Magna Main St, this property boasts a prime location and significant historical character, having been constructed in 1930. The building features a spacious main level encompassing 6,200 square feet, complemented by a 1,500 square foot second level, offering versatile space for a variety of retail uses. The property sits on a 0.4-acre lot and is zoned C-3 (Commercial Mixed Use), allowing for diverse business applications. The building's single-tenant occupancy and NNN lease type provide a straightforward ownership structure. This owner/user investment opportunity is further enhanced by its designation within a Redevelopment Agency (RDA) area and an Opportunity Zone, potentially offering significant tax advantages. The building's solid construction and prominent street frontage ensure high visibility and accessibility for customers. With its blend of historical charm and modern zoning flexibility, this property represents a compelling investment prospect in a growing Utah community. The asking price is $765,000. The property consists of one, two-story building.
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-3 · Magna, UTMagna. 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.