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Property profile & analytics
FOR SALE
Theaters & concert halls

8945 W Magna Main St Magna, UT 84044

6,250 SF 0.4 ac lot Built 1940
Individually Owned 5-yr Hold Free & Clear
Property ID
US86-0209508
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,250 SF
Lot 0.4 ac (17,424 SF)
Zoning code C-3
APN 14-30-227-023
UPID US86-0209508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Christopher P Dole · 5 yrs held
Christopher P Dole
since 2021
3 recorded transactions
2021
Price N/A
2016
Price N/A
2006
Price N/A
Zoning & alternative use
C-3 · Magna, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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