68 W Center St 2,500 SF 50% Leased Office Building Midvale, UT 84047 $829,000 ($331.60/SF) 5.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic.
- Close to trex and post office.
EXECUTIVE SUMMARY
Rare duplex type of office, next to trax. 7720 s. 1 Block west of State street. High traffic flow with sign. High density of apartment on main road. Perfect for Lawyer, Dentist, Salon owner, etc. 2 bathroom, kitchen, conference area. Back patio.
Currently leased. Both sides. But can be combined into one if needed. North side is month to month. Just call me with any questions. 801-599-8286 Dan
Realtors. 3% commission. OBO.
Currently leased. Both sides. But can be combined into one if needed. North side is month to month. Just call me with any questions. 801-599-8286 Dan
Realtors. 3% commission. OBO.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,500 SF
Building Class
B
Year Built
1958
Price
$829,000
Price Per SF
$331.60
Cap Rate
5.12%
NOI
$42,450
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.36
Lot Size
0.16 AC
Zoning
TOD - Commercial Check city. But wide range of approved businesses.
Parking
10 Spaces (3.67 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 of 1
PROPERTY TAXES
| Parcel Number | 21-25-477-014-0000 | Total Assessment | $463,500 (2023) |
| Land Assessment | $148,200 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $315,300 (2023) | Tax Year | 2024 |
CONTACT
-
Dan Murray - Dan Murray
