4220 S State St
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4220 S State St
5,272 SF Retail Building Murray, UT 84107 $4,000,000 ($759/SF)
Investment Highlights
- Excellent access to State St
- Ground level bays, currently used for auto mechanic and auto body repairs
- Located adjacent to Big Cottonwood Creek
- Office + Industrial Warehouse + Car Lot
- Value add opportunity: Property is in an opportunity zone and any qualifying investment will grow tax free
- Development opportunity; Millcreek is pro-builder and has a track record of approving new development projects
Executive Summary
This exciting riverfront property is located walking distance from the Trax light rail train station, and within an Opportunity Zone. This area is growing quickly, with a successful apartment complex adjacent to the property. Owner currently occupies the property and willing to discuss leaseback.
- Office + Industrial Warehouse + Car Lot
- Currently used as a successful retail auto dealership.
- Ground level bays, currently used for auto mechanic and auto body repairs.
- Value add opportunity: Property is in an opportunity zone and any qualifying investment will grow tax free.
- Located adjacent to Big Cottonwood Creek.
- Close proximity to Trax Station and freeway.
- Development opportunity; Millcreek is pro-builder and has a track record of approving new development projects.
- Frontage: ~243 on State Street.
- Parking: Approximately 75 spaces.
- Zoning: M-1, Light manufacturing, warehousing, and commercial uses allowed in the C-3 zone. For additional information on zoning: https://millcreek.municipalcodeonline.com/book?type=planzone#name=Chapter_19.66_LIGHT_MANUFACTURING_ZONE_%22M%22
*Buyer to confirm all details; most data from public and tax records
- Office + Industrial Warehouse + Car Lot
- Currently used as a successful retail auto dealership.
- Ground level bays, currently used for auto mechanic and auto body repairs.
- Value add opportunity: Property is in an opportunity zone and any qualifying investment will grow tax free.
- Located adjacent to Big Cottonwood Creek.
- Close proximity to Trax Station and freeway.
- Development opportunity; Millcreek is pro-builder and has a track record of approving new development projects.
- Frontage: ~243 on State Street.
- Parking: Approximately 75 spaces.
- Zoning: M-1, Light manufacturing, warehousing, and commercial uses allowed in the C-3 zone. For additional information on zoning: https://millcreek.municipalcodeonline.com/book?type=planzone#name=Chapter_19.66_LIGHT_MANUFACTURING_ZONE_%22M%22
*Buyer to confirm all details; most data from public and tax records
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
5,272 SF
Building Class
C
Year Built
2003
Price
$4,000,000
Price Per SF
$759
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.09
Lot Size
1.29 AC
Opportunity Zone
Yes
Zoning
M-1 - Light Manufacturing Zoning - for light manufacturing, warehousing, and commercial uses allowed in C-3 zone and aesthetically attractive
Parking
75 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
243 FT on State St
Amenities
- Bus Line
- Commuter Rail
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 5,272 SF
- Flex
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,272 SF | Flex | - | 30 Days |
1st Floor
| Size |
| 5,272 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| 30 Days |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-06-102-019-0000 | Improvements Assessment | $753,000 |
| Land Assessment | $1,043,900 | Total Assessment | $1,796,900 |
PROPERTY TAXES
Parcel Number
22-06-102-019-0000
Land Assessment
$1,043,900
Improvements Assessment
$753,000
Total Assessment
$1,796,900
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4220 S State St
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