404 E 5600 S, Murray, UT 84157

$5,037,000
44,532
SqFt
List Price
$5,037,000
Status
ACTIVE
MLS#
1549354
Days on Market
179
Price Change
▼ $1,233,000 1546922961
Year Built
1969
Square Feet
44,532
Acres
2.63
Terms
See Remarks, Cash, Conventional
County
Salt Lake
Region
Murray; Taylorsvl; Midvale

Property Description

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!

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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