404 E 5600 S, Murray, UT 84157

$6,270,000
44,532
SqFt
List Price
$6,270,000
Status
ACTIVE
MLS#
1549354
Days on Market
111
Price Change
▼ $2,305,000 1543985188
Year Built
1969
Square Feet
44,532
Acres
2.63
Terms
See Remarks, Cash, Conventional
County
Salt Lake
Region
Murray; Taylorsvl; Midvale

Property Description

Contiguous 4.15 Acres, (2) Parcel opportunity with a 'Park-Like' Setting in East Murray! This property is being sold with MLS# 1549354. Th Purchase Price Includes BOTH! Parcel #1 is 2.62 Acres with 44,532 SF Wheel Chair Accessible 3-Story Building. Second and Third floors are comprised of 29 Apartment Units (23,335 SF). Valuation of the Multi-Family Area is based on 5% Cap Rate Pro Forma. The Main floor and Partial Second Floor is Combination of Office, Conference Rooms and Storage Space (19,200 SF); recently occupied by seller as Corporate Office over several "Utah Based" Skilled Nursing Facilities and Approx. 1200 Employees. Valuation of the Building Office Area is Competitively Priced PSF. The Current Parking Ratio is 2.5 Stalls per Dwelling Unit, with Ample Land Available to Expand Amenities. Historically, this building was 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 Sobriety\Medical Rehab, Nurse Care Facility or Senior Living Center. Parcel #1 is Zoned R-M-15, Tax ID #22-18-177-014: MLS#1549354. Parcel #2 is 1.53 Acre Vacant Land with an Egress to Two separate Streets; 5600 South and Hillside Drive. Parcel #2 is Zoned R-1-8, Tax ID# 22-18-177-005: MLS#1549357. Parcels MUST Be Purchased Together. This rare find offers abundant possibility for future development!

Additional Information

Taxes
$14,525
Amenities
See Remarks
Exterior
Frame, Metal/Glass, Stucco
Exterior Features
See Remarks, Entry (Foyer), Outdoor Lighting
Interior Features
Alarm: Fire
Floor
Carpet, Vinyl
Garage Features
Parking: Covered, Parking: Uncovered
Heating
Electric
Roof
Asphalt Shingles, Pitched
School District
Murray
Elementary School
Mcmillan
Middle School
Hillcrest
High School
Murray
Style
High Rise
Living Area
44,532
Water Features
Culinary, Well

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Pristine Property of the West.

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