Located in Idyllic East Murray! Mixed Use Apartment\Office Opportunity Includes 2.62 Acre 'Park-Like' Setting and a 44,532 SF Wheel Chair Accessible 3-Story Building. Entire Main floor, and Partial of Second Floor is a Combination of Office, Conference Rooms and Storage Space. (19,200 SF or 48% of Building) Perfect for Owner-Occupant. (Most Recently the Seller's Main Corporate Office to "Utah Based" Skilled Nursing Facilities, Employing Approx. 1200 Employees.) The Top Two Floors Accommodate 29 Apartment Units (23,335 SF or 52% of building). The Current Parking Ratio is 2.5 Parking Stalls Per Dwelling Unit. Valuation of Building Based on 6.1 % Cap Rate Pro Forma. Historically, this Building Was Previously Known as the Cottonwood Maternity Hospital; Located Just 0.1 Mile from TOSH Orthopedic Hospital and 0.7 Mile from IMC Hospital. Although its Current Use is Multi-Family; it's Design and Location Offers Excellent Opportunity for Use as Senior Living Center. Parcel is Zoned R-M-15, Tax ID #22-18-177-014: MLS#1549354. *Parcel #1(Above Building) May Be Purchased with 344 E 5600 South Murray UT 84107 (MLS#1549357) Described Here as Parcel #2(Vacant Land) for a Total Purchase Price of $6,270,000. Parcel #2 Tax ID# 22-18-177-005 is 1.53 Acre Vacant Land Zoned R-1-8, with an Egress to Two Separate Streets; 5600 South and Hillside Drive. Together Both Parcels Offer Contiguous 4.15 Acres Offering Abundant Possibilities for Future Development!
Listing courtesy of Pristine Property of the West.