About This Restaurant
Investment Highlights
Lot is approx 0.22 acres Zoned C-2 Redevelopment opportunity
Executive 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.Tanks have been removed and enviro remediation has been done. A few quarters of testing remain before a NFA can be issued. Insurance policy in place to protect against the expense of any additional remediation. Also, A credit remains for the completion of the parking area which was torn up during the remediation process. These funds may be transferred to the new owner. A preliminary approval for the use as a drive through has been received. Plan and notes available.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Service Station Service Station General Retail Fast Food General Retail Freestanding Service Station
- Building Size 880
- Building Class C
- Year Built 1922
- Price 350,000
- Price Per SF 398
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.22 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 14-20-377-016-0000 | Improvements Assessment | $268,700 |
| Land Assessment | $147,300 | Total Assessment | $416,000 |
| Date Created: | 2024-07-16 04:23:46 | Last Updated: | 2024-07-16 04:23:46 |
| Address: | 8588 W 2700 S , Magna, Utah, 84044 | ||