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4938 S Center St

Murray, UT 84107
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Bed 6

Bed

Bath 6

Bath

SqFt3,000

Sqft

Acres0.34

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $2,000,000

AD Id : 88153721

MLS Id : 2172766

Beds : 6

Lot Size : 0.34 Acre

Living Area Size : 3,000

Year Built : 1908

County : Salt Lake

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 6 Full Baths: 6

    Room Information

    Rooms Total: 18 Basement: None
  • Flooring Information

    Laminate
  • Roofing Information

    Rubber, Membrane
  • Interior Features

    Roof: Rubber, Membrane Appliances: Portable Dishwasher, Water Softener Owned, Dishwasher Window Features: Window Coverings, Blinds
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Natural Gas Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1908 Building Area Total: 3000 Construction Materials: Brick Stories: 1 Frontage Length: 0.0 Patio And Porch Features: Patio Private Pool: No

  • Lot Information

    Lot Dimensions: 0.0x0.0x0.0 Main Square Feet: 0.34 Acres Lot Size Acres: 0.34 Lot Size Square Feet: 14810.4

  • Listing Price Information

    Listing Price: $2000000 Cash, Conventional

  • Tax Information

    Parcel Number: 22-07-111-015 Annual Tax: $1494

  • Parking Information

    Parking Total: 6

  • School Information

    Elementary School: Parkside
    Junior High School: Hillcrest
    Senior High School: Murray
  • Utility Information

    Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
  • Location Information

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
875 E Arrowhead Ln #46, Murray, UT, 84107 $275,000 2 1 884 884 SqFt
725 E Three Fountains C.., Murray, UT, 84107 $532,500 4 4 2,880 2,880 SqFt
4540 S 600, Murray, UT, 84107 $600,000 4 3 2,408 2,408 SqFt
594 E Spruce Glen Rd, Murray, UT, 84107 $1,050,000 6 4 3,423 3,423 SqFt
617 E Kirstys Ln, Murray, UT, 84107 $935,000 3 3 4,282 4,282 SqFt
4600 S Creekview Dr, Murray, UT, 84107 $759,000 6 2 2,564 2,564 SqFt
6117 S Glen Oaks St, Murray, UT, 84107 $675,000 4 3 2,276 2,276 SqFt
496 E Spruce Glen Rd, Murray, UT, 84107 $1,099,000 6 4 4,178 4,178 SqFt
5321 S 580 #F, Murray, UT, 84107 $300,000 2 2 1,248 1,248 SqFt
4365 S Vagabond Dr #118, Murray, UT, 84107 $48,900 2 2 864 864 SqFt

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 07/19/2026 @ 05:57. 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.

ByOwner last updated this listing 07/19/2026 @ 05:57

MLS: 2172766 LISTED BY: Peter Nguyen, Realtypath LLC 801-386-5908 SOURCE: UtahRealEstate (Wasatch Front)

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