Property summary
This exceptional retail property, located at 9046 MAGNA MAIN in Magna, UT, presents a unique investment opportunity. Situated on a 0.07-acre lot in the heart of historic Magna Main Street, this all-brick building offers a charming and established presence. The property currently houses Blue Lotus Body Adornments, a reputable and long-term tenant, contributing to the consistent income stream. The building benefits from a newer roof and new central air conditioning, minimizing maintenance concerns for the new owner. Its prime location offers unparalleled accessibility and visibility, being just minutes from Salt Lake City and Salt Lake International Airport. This high-traffic area is home to a variety of shops and cafes, creating a vibrant and attractive atmosphere for businesses. The property's historic character and modern updates combine to create a truly unique and desirable commercial space. Showings are by appointment only to ensure minimal disruption to the current tenant. Don't miss this chance to own a piece of Magna's rich history and thriving commercial landscape. The asking price is $599,900.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Zone is intended to provide a legacy zone, originally intended to provide areas for warehousing and wholesale businesses and general commercial, Warehouse and wholesale businesses are now developed under the zoning c…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Magna, UTThe Zone is intended to provide a legacy zone, originally intended to provide areas for warehousing and wholesale businesses and general commercial, Warehouse and wholesale businesses are now developed under the zoning c…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Zone is intended to provide a legacy zone, originally intended to provide areas for warehousing and wholesale businesses and general commercial, Warehouse and wholesale businesses are now developed under the zoning c…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Magna, UT.
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