Income Producing SR-9 Frontage | 1550-1560 W State St
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Income Producing SR-9 Frontage 1550-1560 W State St
4,144 SF 100% Leased Retail Building Hurricane, UT 84737 $2,700,000 ($652/SF) 8.50% Cap Rate
Investment Highlights
- The property has over 330 feet of SR-9 frontage and a canopy of over 3,000 square feet.
- Generates approximately $18,500 monthly net operating income (NOI).
- The seller is motivated and open to considering all offers.
- Previously, it was a drive-in, but it is most recently used as a car lot. It may be possible to convert it back to a drive-thru. It features a grease
- The site includes four vacation rentals, over 4.8 VRBO guest rating, two auto bays, two outbuildings, and a spacious yard.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
4,144 SF
Building Class
B
Year Built
1981
Price
$2,700,000
Price Per SF
$652
Cap Rate
8.50%
NOI
$229,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.67 AC
Zoning
HC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0295942 | Improvements Assessment | $187,900 |
| Land Assessment | $981,300 | Total Assessment | $1,169,200 |
PROPERTY TAXES
Parcel Number
0295942
Land Assessment
$981,300
Improvements Assessment
$187,900
Total Assessment
$1,169,200
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Income Producing SR-9 Frontage | 1550-1560 W State St
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