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$ 500,000
Est. payment /mo
Active
3280 W 3500 S #S3, S4 West Valley City, UT 84119
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2140812
Construction Status Blt./Standing
HOA Y/N No
Year Built 1971
Annual Tax Amount $3,058
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Office
Property Description
A fantastic investment opportunity! The tenant is a daycare with a lease for the next 3 years. Rent is currently at $3,400 but increasing to $3,600 in 2027 and $3,800 in 2028! That means at the list price the CAP rate will reach 8.5% within 2 years! The tenant is stable, has made significant investments into the property and expects to stay for many years. The owner only pays property tax with the tenant covering all other expenses, bills, and repairs. The solid brick building has been remodeled for the daycare business to use both suites. But could be divided again in the future. There is plenty of parking available for the tenant and customers. Also, there is a 4 car garage on the property that has been converted to individual storage bays.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Commercial
Interior
Fireplace No
Exterior
View Y/N No
Present Use Office
Handicap Access Ground Level
Private Pool No
Building
Faces South
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 15-29-480-018
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Utah First Realty