Agent profile image in chat bubble
Agent profile image in chat header

Emily Hayes

CEO Emily Hayes Homes | Emily Hayes Homes | Keller Williams | PLACE

Agent profile image in message

4938 S Center St , Murray, UT 84107
$2,000,000
Est. Payment: $9,958.91/mo
6 Bed
6 Bath
3000 Sqft
Status: active | Days on site: 8
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275

By providing your number, you are expressly consenting, in writing, to receive telemarketing and other messages, including calls or texts at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply. Text STOP to cancel.

This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.

Agent profile image
Emily Hayes
CEO Emily Hayes Homes

House 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.

Highlights

Listed by Peter Nguyen , 801-916-9460 Realtypath LLC , 801-386-5908. Wasatch Front Multiple Listing Service (IDX)

Property Type

Residential

Lot/Acreage
0.34

Year Built

1908

County

Salt Lake

Area

Murray; Taylorsvl; Midvale

School District

Murray

Listing ID

2172766

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:6
Appliances:Portable Dishwasher, Water Softener Owned, Storage Shed(s),Window Coverings
Air Cond:Central Air
Fireplaces:
Floor:Laminate
Above Ground Sq Ft:3000
Other:Culinary

Exterior Features

Lot:Sidewalks
Lot Dimensions:0.0x0.0x0.0
Garage Capacity:6
Zoning:CC-FBC
Roof:Rubber,Membrane
Others:Patio: Open,Blt./Standing
Sewer:Sewer: Connected,Sewer: Public
Principal Interest
$9,959
Taxes
$125

Home Price

$2,000,000

Loan Details

30 yrs
6.353%

Down Payment

20%
$400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,958.91

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,958.91 $124.50 $0.00 $10,083.41
Yearly $119,506.89 $1,494.00 $0.00 $121,000.89
Total $3,585,206.66 $44,820.00 $0.00 $3,630,026.66
Lender profile image
Bridget Morgan
Branch Manager
GET PRE-QUALIFIED

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Jul 2026

Average Price

All Price Ranges
N/A
Jul 2026

Average Days on Market

All Price Ranges
N/A
Jul 2026
Market insight data is pulled from the same city as the listing being viewed (Murray, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Wasatch Front Regional MLS Inc. and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-26T04:32:05.000Z

© 2026 Wasatch Front Multiple Listing Service (IDX)