4220 S State St - Auto Dealership FOR SALE


Murray, UT 84107
$3,799,000 USD
415-999-1631
4220 S State St, Murray, UT for Sale
$3,799,000 USD
Auto Dealership - FOR SALE
1/5
null | 6.5% Cap Rate

4220 S State St
Murray, UT 84107


HIGHLIGHTS

  • Zoned M-1 with historical use as car lot.
  • Over 200 feet of State Street visibility.
  • Adjacent to big cottonwood creek

OVERVIEW

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. Property Information: 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. Year Built: 2003 Building SF: 5,272 Acres / SF: 1.29 Acres / 56,192 SF Frontage: ~243 on State Street. Parking: Approximately 100 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.

FOR SALE DETAILS

PRICE

$3,799,000 USD

PRICE/SF

$721 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

M-1

APN/PARCEL ID

22-06-102-019-0000

ASK ABOUT THIS PROPERTY

Jake WerrettR&R RealtyMore Info
415-999-1631

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Jake WerrettR&R RealtyMore Info
415-999-1631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.