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Published on: Friday, July 5, 2024
Updated on: Friday, July 5, 2024
About the Lister
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Name: Joe Marcinkewicz
Company: NAI Premier
Office Phone: 801 590 7676
Cell Phone: 801 590 7676
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Financing  Business  Material

  Magna Corner Store

8588 W Magna Main St Magna Utah , 84044
8588 W Magna Main St Magna Utah , 84044  NAI Premier
Listing ID: CL-Utah-10862 Free Standing /Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Utah-10862
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 880.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Magna-Corner-Retail-Flyer.pdf ( 4,208.41KB)
Listing Summary
Magna Main Street opportunity zone is in need of eateries and retail. Revitalization is coming to Magna. What an excellent location for a drive through, with double drive through potential.
Complete Details
Year Build: N/A
Building Size: 880
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Magna Main Street opportunity zone is in need of eateries and retail. Revitalization is coming to Magna. What an excellent location for a drive through, with double drive through potential. Potential uses: Coffee, sodas, desserts, smoothies, maybe a walk-up window with outdoor dining or sitting areas. Property Information 880 SF Lot is approx 0.22 acres Redevelopment opportunity Zoned C-2 APN: 14-20-377-016-000 The tanks and pumps have been removed from this former gas station and environmental remediation has been done. A few quarters of testing remain before a NFA can be issued. A preliminary approval for the use as a drive through has been received, and the seller continues to progress toward full completion of this project as the sidewalk, wells and landscape plan are implemented. Price reflects current stage of the project and is expected to increase along with the improvements. A lease of the completed project as a drive through is an option however a Lease price has not yet been established. Insurance policy in place protects buyer against the potential of any additional remediation.
Additional Properties
Property Highlights
  • 880 SF, Lot is approx 0.22 acres
  • Redevelopment opportunity
  • Zoned C-2
  • APN: 14-20-377-016-000
Listing Location
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