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9068 W 2700 S

1,656 SF 50% Leased Retail Building Magna, UT 84044 $400,000 ($242/SF)

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Investment Highlights

Corner lot on historic Main Street in fast growing Magna
Zoning allows a drive up restaurant/ pop / coffee shop
Zoning allows the total project to be 2 commercial units and 3 apartments.

Existing building with retail/office on the main floor and a 2 bedroom residential unit upstairs producing rent.
Plans are in the works for an additional 1,600 square foot retail/restaurant space with 2 residential units upstairs

Executive Summary

Corner lot recently rezoned to allow for a drive through restaurant, pop/coffee shop. Zoning also allows for retail/office on the main floor and residential units upstairs. Existing building has a retail/ office space on the main floor that is currently available with a 2 bedroom unit upstairs that is leased. Plans are being completed of a second building that will be approximately 1,600 square feet of commercial space with a drive up window along with 2 residential units upstairs each with their own entry. A two bedroom unit and a good sized one bedroom unit.

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Redevelopment Project

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

1,656 SF

Building Class

Year Built/Renovated

1924/2000

Price

$400,000

Price Per SF

$242

Percent Leased

50%

Tenancy

Multiple

Building Height

2 Stories

Slab To Slab

11’

Building FAR

0.21

Lot Size

0.18 AC

Opportunity Zone

Yes

Zoning

C-3 - Retail / office mixed use

Parking

12 Spaces (7.25 Spaces per 1,000 SF Leased)

Frontage

61 FT on Main Street (2700 South)

Amenities

Corner Lot

Tenant Controlled HVAC

Drive Thru

Air Conditioning

Space Availability

1st Floor
828 SF
Retail
-
Jan 2025

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9068 W 2700 S, Magna, UT for sale Building Photo- Image 1 of 2 — Building Photo

9068 W 2700 S, Magna, UT for sale Building Photo- Image 2 of 2 — Building Photo

Set up for boutique retail or retail office use. Space will need to be renovated so can be customized to fit your needs. Landlord is open to helping with the renovating. Electrical, plumbing, HVAC have all been recently replaced and updated. Shown by appointment only. Please do not disturb tenant.

Space	Size	Space Use	Position	Available
1st Floor	828 SF	Retail	-	Jan 2025

Size

828 SF

Space Use

Retail

Position

Available

Jan 2025

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PROPERTY TAXES

Parcel Numbers	Multiple 14-19-454-026-0000 14-19-454-019-0000	Improvements Assessment	$128,790
Land Assessment	$108,690	Total Assessment	$237,480

PROPERTY TAXES

Parcel Numbers

Multiple

14-19-454-026-0000
14-19-454-019-0000

Land Assessment

$108,690

Improvements Assessment

$128,790

Total Assessment

$237,480

Listing ID: 34226554
Date on Market: 12/17/2024
Last Updated:
Address: 9068 W 2700 S, Magna, UT 84044

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