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Lisa Martinez

lisa@lmhomesanddesign.com +1(801) 696-4331

$ 2,000,000

Est. payment | -/mo

6 Beds

6 Baths

3,000 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

6 Beds

6 Baths

3,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $666

MLS Listing ID 2172766

Style Bungalow/Cottage

Bedrooms 6

Full Baths 6

Construction Status Blt./Standing

HOA Y/N No

Abv Grd Liv Area 3,000

Year Built 1908

Annual Tax Amount $1,494

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Single Family Residence

Property Description

Rare Income-Producing CC-FBC Development Opportunity with .34 Acres and Two Parcels Included Exceptional redevelopment opportunities like this rarely become available in the heart of Murray. This unique offering includes two parcels (Parcel #2207111015 and Parcel #2207111000) totaling approximately 0.34 acres and is zoned CC-FBC (Community Commercial Form-Based Code)-one of Murray's most sought-after redevelopment districts. Unlike traditional development sites that generate no revenue during the entitlement process, this property offers immediate cash flow while future plans are pursued. The property includes a remodeled duplex and two detached single-family homes, creating an ideal opportunity for builders, developers, and investors seeking both income and long-term upside. The duplex has been fully remodeled in and out with permits and is currently leased, generating approximately $4,000 per month in gross rental income. The two detached homes present additional value-add potential through renovation, rental, or future redevelopment, allowing investors to maximize returns while preparing their next project. Previous development work has already been completed on the property and will be made available to qualified buyers, providing valuable insight as they pursue their own redevelopment plans. Buyers are encouraged to verify all future development opportunities, zoning requirements, density, and approvals directly with Murray City. According to Murray City's vision for the CC-FBC District, these areas "are intended to promote opportunities for compact, pedestrian-oriented, sustainable redevelopment in the downtown area. The CC-FBC should be a true downtown; a rich and lively mixed-use center with design elements that focus on the pedestrian experience and the streetscape." This property is ideally positioned within one of Salt Lake County's fastest-growing redevelopment corridors, surrounded by new residential, mixed-use, commercial, and infrastructure investment. As Murray continues to evolve, opportunities like this become increasingly scarce. Just minutes away is Intermountain Medical Center-Utah's flagship medical campus-which continues to drive demand for housing from healthcare professionals, travel nurses, patients, and supporting staff. Nearby Murray Central Station provides outstanding regional connectivity through TRAX light rail, the FrontRunner commuter rail, local bus routes, and the Midvalley Express (MVX) Bus Rapid Transit line, offering convenient access to the medical campus, Downtown Salt Lake City, the University of Utah, Salt Lake International Airport, and destinations throughout the Wasatch Front. Future residents will enjoy exceptional convenience with close proximity to I-15 and I-215, Fashion Place Mall, Costco, Murray Parkway, Chinatown, Downtown Salt Lake City, restaurants, shopping, recreation, and major employment centers. Whether you're a builder looking for your next signature project, a developer seeking a strategic infill site, or an investor searching for an income-producing asset with exceptional redevelopment potential, this property offers the rare combination of immediate cash flow, premier CC-FBC zoning, and a location positioned for long-term appreciation. Income-producing development opportunities in Murray's CC-FBC district are exceptionally rare. Secure a property that allows you to generate revenue today while creating tomorrow's vision. Square footage figures are provided as a courtesy estimate, buyer is advised to obtain an independent measurement. The home is currently occupied, please do not disturb tenants, the home is currently rented and occupied.

Location

State UT

County Salt Lake

Area Murray; Taylorsvl; Midvale

Zoning Single-Family, Multi-Family, Commercial

Rooms

Basement None

Main Level Bedrooms 6

Interior

Heating Gas: Central

Cooling Central Air

Flooring Laminate

Inclusions Dishwasher: Portable, Range, Storage Shed(s), Water Softener: Own, Window Coverings

Equipment Storage Shed(s), Window Coverings

Fireplace No

Window Features Blinds

Appliance Portable Dishwasher, Water Softener Owned

Exterior

Exterior Feature Patio: Open

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Rubber,Membrane

Present Use Single Family

Topography Sidewalks

Porch Patio: Open

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sidewalks

Faces East

Story 1

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Bungalow/Cottage

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Parkside

Middle Schools Hillcrest

High Schools Murray

School District Murray

Others

Senior Community No

Tax ID 22-07-111-015

Acceptable Financing Cash, Conventional, Seller Finance

Listing Terms Cash, Conventional, Seller Finance

Listed by Realtypath LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 696-4331

lisa@lmhomesanddesign.com

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4938 S CENTER ST Murray, UT 84107