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8475 S STATE ST, Sandy, UT 84070
$5,495,000
8475 S STATE ST, Sandy, UT 84070
Subtype
Retail
Building SF
4,900
$/SF
$1,121
Lot
1.17 ac
Property Details
Description
SHOVEL READY ENTITLED LAND, Land is available for $2,495,000 and the completed grey shell project is available for sale for $5,495,000. This offering includes one parcel totaling 1.17 of Commercial Neighborhoodzoned land, conveyed with fully entitled plans for a 15,149 SF Development. A 10,249 SF flex warehouse/office building and a 4,900 SF retail development. With entitlements already complete, a buyer can move directly into vertical construction. Along the Busy Sandy State Street, with average daily traffic (AADT) of 24,610 that benefits from the ~40,000 AADT of of 9000 south. The combination of flexible commercial zoning, strong surrounding demographics, and a high-exposure location, this site is a rare shovel-ready opportunity in one of Sandy's most active commercial areas-well suited for developers, investors, or owner-users looking for immediate execution capacity. Positioned in the established commercial corridor of Sandy, UT 84070, the area surrounding 8487 S State St offers strong visibility, consistent traffic, and effortless access to major northsouth and eastwest routes. The location benefits from nearby shopping centers, service businesses, and employment hubs, drawing steady consumer activity from both surrounding neighborhoods and the greater Salt Lake Valley. This setting supports a broad range of commercial uses, making it an advantageous environment for retail and office users alike. Agent Jay Mirrafie has an interest in the property.
Listed by Elliot Abel · Investment Realty Advisors LLC
Location
8475 S STATE ST, Sandy, UT 84070
Cap Rate Calculator
Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.
Cap Rate
5.25%
$/SF
$1,121
GRM
11.8
Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/26/2026, 3:15:49 PM. 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. Listing data provided by UtahRealEstate.com.