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4220 S State St 5,272 SF Retail Building Murray, UT 84107 $3,799,000 ($720.60/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Riverfront property, currently operated as a car dealer, 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 sale, lease, or leaseback.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,272 SF
Building Class
C
Year Built
2003
Price
$3,799,000
Price Per SF
$720.60
Cap Rate
6%
NOI
$227,940
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’ on State St
AMENITIES
- Bus Line
- Commuter Rail
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,272 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 5,272 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,272 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-06-102-019-0000 | Improvements Assessment | $722,200 |
| Land Assessment | $1,018,000 | Total Assessment | $1,740,200 |
PROPERTY TAXES
Parcel Number
22-06-102-019-0000
Land Assessment
$1,018,000
Improvements Assessment
$722,200
Total Assessment
$1,740,200
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
R&R Realty
4220 S State St
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