Single-story, multi-tenant office building situated on 0.54 acres in Murray's established Union Park office corridor. Built in 1998, this well-maintained property offers stable cash flow with three tenant's in place. This could be an owner/ user property with built in income OR an investment opportunity. For the owner-user, the timing is compelling: two of the three suites have near-term lease expirations, creating a natural path to occupy up to 3,180 SF while the remaining longer-term tenant continues generating income to offset your ownership costs. Prefer a pure investment? You can renew the leases for longer terms. Use it, lease it, or both - the flexibility is yours.
Price Improvement! Warm, well-maintained commercial property currently operating as a therapy office, offering functionality and flexibility suitable for a wide range of professional uses. The original 1900s front door opens to a welcoming reception area featuring exposed brick and original pine floors. Two private offices provide excellent natural light and privacy, ideal for client-based or professional services. A custom mural by local artist Miriam Gutierrez and a woodsy watercolor zoom room make the north office particularly special. A dedicated break room includes meal prep space, original built-in storage, and six lockers, supporting shared office or multi-practitioner use. Many fresh updates, including refinished original fir floors, fresh tile and fixtures in the kitchen and bathroom and updated plumbing and electrical throughout, complementing the building's historic character while reflecting clean, modern functionality. The property is enhanced by mature, low-maintenance landscaping and four private off-street parking spaces - a rare amenity in such a central location. Solar power reduces electricity costs Well suited for therapy, wellness, or professional office use, this is a turn-key gem in a neighborhood that's on the rise!
Exceptional professional office space available in a high-traffic location in Murray, just off State Street, with convenient access to I-15 and the I-215 belt route. Currently a dental office, this professionally updated main-level offering includes two adjoining suites, totaling 1,488 sq ft. on the main level. The functionally designed layout features two treatment rooms, with space to add additional operatories as needed. The suite also includes a dedicated X-ray space, sterilization/prep area, private office, file storage, restroom, and a welcoming reception area, all tailored for efficient workflow and patient comfort. The building is ADA compliant and part of a well-maintained professional office HOA. An additional 1,488 sq ft of basement space offers valuable flexibility for storage, lab space, or future expansion and includes a separate entrance for added accessibility and privacy. Situated in a vibrant commercial corridor, the location offers proximity to shopping, restaurants, banks, a golf course, and Murray City offices, enhancing convenience for both staff and patients. With excellent visibility, ample parking, and a prime central location, this property is ideal for dental, medical, or other licensed healthcare professionals seeking a move-in-ready clinical space in the heart of the Salt Lake Valley.
This 2-story, 10,282 SF office building is designed to support a productive and professional workplace. With a combination of private offices, open work areas, and essential amenities, it caters to diverse business needs. Whether you're a growing company or an established firm, this space provides the flexibility and features necessary for success. Spacious and welcoming open reception area, ideal for greeting clients and visitors. 3 well-appointed board rooms, perfect for meetings and presentations. 25 private offices offering privacy and space for focused work. Comfortable break room for employees to relax and recharge. Open bull pen areas with cubicles, fostering collaboration and teamwork. Ample natural light throughout the building, creating a bright and inviting work environment. Partially furnished, allowing for immediate occupancy with minimal setup. Well-maintained property, ensuring a professional appearance and smooth operation. Ample parking available for employees and visitors. Existing Lease Information: Base Rent: $15,423.00/Month ($18 SF/YR) All Utilities in Tenant's Name (Including Tax & Insurance) Annual Base Rent Increases: 2.5% Current NOI: $185,600.00 CAP Rate: 5.29% Escalating to 6.6% Rooms: 30 Single Tenant Lease Term: 123 Months Lease Start Date: 12/1/2024 Lease End Date: 1/31/2035 Currently, there is a cross access easement over the church owned lot to the west for additional parking as well as overflow parking for the church on the subject property on Sundays. The subject property lot is a .58-acre lot with future development potential after the long term lease in place expires. The offering includes a 10-year lease with 2.5% annual escalations in place with a will known law firm, along with the future opportunity for the church to free up the parking overlay unlocking a higher and better future use.
Murray is located in Utah. Murray, Utah has a population of 50,183. Murray is less family-centric than the surrounding county with 29.23% of the households containing married families with children. The county average for households married with children is 38.99%.
The median household income in Murray, Utah is $72,524. The median household income for the surrounding county is $82,206 compared to the national median of $69,021. The median age of people living in Murray is 37.6 years.
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 23.8 degrees. The average rainfall is approximately 18.7 inches per year, with 46.9 inches of snow per year.
