4938 S CENTER ST, Murray, UT 84107 - birdierealtygroup.com

$2,000,000

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… Read More 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 bother tenants Read Less

Courtesy of Peter Nguyen, Realtypath LLC 801-386-5908

Listing Snapshot

Days Online

Last Updated

Jul 18, 2026

Property Type

Duplex

Beds

Square Ft.

3,000

Lot Size

0.34 Acres

Year Built

1908

MLS Number

2172765

Additional Details

Building

Architectural Style: Side By Side, Building Area Total: 3000, Construction Materials: Brick, Living Area: 3000, Living Area Units: Square Feet, Year Built: 1908

Property

Current Use: Residential, Direction Faces: East, Parcel Number: 22-07-111-015, Property Condition: Blt./Standing, Property Sub Type: Duplex, Property Type: Residential, Vegetation: Xeriscaped

Exterior Features

Exterior Features: Patio: Open, Patio And Porch Features: Patio: Open

Floors

Flooring: Laminate

Heating

Heating: Gas: Central, Heating YN: t

Lot

Lot Features: Sidewalks, Lot Size Acres: 0.34, Lot Size Area: 0.34, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 14810, Lot Size Units: Acres, Topography: Sidewalks

Garage

Open Parking Spaces: 6

Parking

Parking Total: 6

Taxes

Tax Annual Amount: 1494

Utilities

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

Water Features

Water Source: Culinary

Windows

Window Features: Blinds

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