Property profile

9046 Magna Main St Magna, UT 84044

OFF-MARKET
Retail space
Property ID
US86-0169003
2,538 SF 0.07 ac lot Built 1926
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1926
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,538 SF
Lot 0.07 ac (3,049 SF)
Zoning code C-3
APN 14-19-454-024
UPID US86-0169003

Cap rate & NOI

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

Location

9046 Magna Main St Magna, UT 84044-1002
Magna metro Census 113906 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2014
7 recorded transactions
2020
Price N/A
2014
$86,000
2007
Price N/A
1995
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Magna, UT
Zoning description

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…

General category INDUSTRIAL

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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