7720 S 700 E, Midvale, UT, 84047

7720 S 700 E Midvale, UT 84047

7720 S 700 E, Midvale, UT, 84047
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$500,000
Last Verified:
Sep 30, 2024

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Highlights

  • Highly Visible Site | High Traffic | High Income Area
  • Across the Street from Harmon’s Grocery Store
  • Located Between Hillcrest High School and Union Middle School
  • Average Daily Traffic: 24,900

Description

This is a corner developable pad with multiple options available to the buyer. Seller is listing the neighboring property as well as a $1,495,000 office sale, with this lot, as a separate $500,000 for sale parcel. It is possible to buy both for $1,995,000. This is a well-priced acquisition just off Fort Union with tremendous visibility. Right across the street from Harmons.

Both parcels for sale total to .30 Acres. As far as development potential, Commercial, Retail, and Office uses are all approved uses with 40 foot building heights and roughly 6,000+ square feet of building footprint can be found here. This site is optimal for a single tenant drive through.

Introducing a prime investment corner lot opportunity at 7720 S 700 E, Midvale, UT. This .3 acre lot is situated on CN commercial land on a corner intersection, and it offers the perfect canvas for a developer looking to develope small commercial or drivethrough space. This Commercial Neighborhood lot has stellar development potential and flexible options.

Lot Size: 0.3 acres

Map of 7720 S 700 E, Midvale, UT, 84047

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.