344 E 5600 S, Murray, UT 84107

List Price
Days on Market
Price Change
▼ $2,305,000 1543985188
Cash, Conventional
Salt Lake
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#11549357. 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!

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Listing courtesy of Pristine Property of the West.

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