Seller Financing
Address
4938 S Center St, Murray, UT
Price
$ 2,000,000
Property Attributes
- MLS#2172766
- TypeSingle Family
- Listing Status Active
- CountySALT LAKE
- CityMurray
- AreaMurray
- Zip84107
- StyleBungalow/Cottage
- Year Built1908
- Taxes$ 1494
- Price$ 2,000,000
- Bedrooms6
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage3000
- Lot Size0.34 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Parkside Elementary School | Hillcrest Middle School | Murray High School |
| Price History | |
|---|---|
| 7/17/2026 | Listed $2,000,000 |
General Features
| Living Area | 3000.0 |
|---|---|
| Sewer | Sewer: Connected,Sewer: Public |
| Heating | Gas: Central |
| Cooling | Central Air |
| Utilities | Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected |
| Roof | Rubber,Membrane |
| Appliances | Portable Dishwasher,Water Softener Owned |
| Zoning | Single-Family,Multi-Family,Commercial |
| Patio/Porch Features | Patio: Open |
| Architectural Style | Bungalow/Cottage |
| Construction Materials | Brick |
| Year Built | 1908 |
| Stories Count | 1 |
| Topography | Sidewalks |
| Property Subtype | Single Family Residence |
| Current Use | Single Family |
| County | Salt Lake |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Facing Direction | East |
| Garage Y/N | No |
| Total Rooms | 18 |
| Full Baths | 6 |
| Status | Active |
| High School | Murray |
| City | Murray |
| Senior Community Y/N | No |
| High School District | Murray |
| Zoning Description | CC-FBC |
| Open Parking Spaces | 6.0 |
| MLS Area | Murray; Taylorsvl; Midvale |
| Lot Size Units | Acres |
| Lot Size Square Feet | 14810.4 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,Seller Finance |
| Elementary School | Parkside |
| Property Attached Y/N | No |
| Tax Annual Amount | 1494.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Hillcrest |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Murray |
| Elementary School District | Murray |
| PostalCity | Murray |
| ADU | No |
Interior Features
| Basement | None |
|---|---|
| Flooring | Laminate |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | No |
| Above Grade Finished Area | 3000.0 |
| Total Bedrooms | 6 |
| Main Level Bedrooms | 6 |
| Total Baths | 6 |
Exterior Features
| Exterior Amenities | Patio: Open |
|---|---|
| Vegetation | Xeriscaped |
| Lot Features | Sidewalks |
| Water Source | Culinary |
| Total Parking | 6.0 |
| Inclusions | Dishwasher: Portable,Range,Storage Shed(s),Water Softener: Own,Window Coverings |
| Lot Size Area | 0.34 |
| Spa | No |
| Building Area Total | 3000.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.34 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| RV Parking Dimensions | 0.00 |
| Other Equipment | Storage Shed(s),Window Coverings |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 84107
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
