344 E 5600 S

    Murray, UT 84107
    • $6,270,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 1549357
    Price Reduced
    UPDATED: 79 min ago
    $6,270,000
    • 0
      BEDS
    • 1.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Contiguous 4.15 Acres, Two Parcel opportunity with a 'Park-Like' Setting in East Murray! This property (Parcel #2) is being sold with MLS#1549354. 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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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2018-12-15T23:35:49.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.lawsonrealestateteam.com/homes/86808372

    344 E 5600 S Murray, UT 84107

    • Price: $6,270,000
    • Status: Active
    • Updated: 79 min ago
    • MLS #: 1549357
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.53
    Acres
    Neighborhood:
    Murray; Taylorsvl; Midvale
    County:
    Salt Lake
    Area:
    Murray; Taylorsvl; Midvale
    Elementary School:
    Mcmillan
    Middle School:
    Hillcrest
    High School:
    Murray
    School District:
    Murray
    Property Description
    Contiguous 4.15 Acres, Two Parcel opportunity with a 'Park-Like' Setting in East Murray! This property (Parcel #2) is being sold with MLS#1549354. 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!
    Exterior Features

    Frontage Facing N Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0 Lot Facts Fenced: FullTerrain: Flat

    Property Features

    Hoa No Hoa Fee 0 Land Property Type Residential Lease Price 0.00 Possession Arrange Taxes 14525 Terms CashConventional Utilities Gas: AvailablePower: AvailableSewer: AvailableSewer: Public Water Shares1 0.00 Water Shares2 0.00 Water Shares3 0.00 Zoning Single-Family Zoning Code R-1-8

    Listing provided courtesy of Pristine Property Of The West. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2018 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2018-12-15T23:35:49.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
    Lawson Real Estate Team - Engel & Völkers
    900 Main Street Suite 6118
    Park City UT, 84060