Stan's Drive-in 248 W Center 4,055 SF Retail Building Salem, UT 84653 $1,550,000 ($382.24/SF)
INVESTMENT HIGHLIGHTS
- Located on Highway 198 Running through Salem City.
- Established name and clientele.
- Adjacent to Salem Hills High School.
- Drive Thru and dine-in seating.
EXECUTIVE SUMMARY
Price Reduction! Cap rate and NOI can be disclosed to interested parties that reach out to broker directly! Prime retail/restaurant location adjacent to Salem Hills High School and Highway 198 in Salem. Stan's Drive In is a a fully operational and currently operating business complete with improvements and equipment. The building is 4,054 SF. The facility offers both inside, sit-down dining or a convenient drive-thru window. Well established client base. Purchase price includes real estate and equipment/fixtures. Leasing the property is also an option along with a lease with option to purchase. Square footage figures are provided as a courtesy estimate only and were obtained from Utah County records. Buyer is advised to obtain an independent measurement. Lease/Option also available. Call Charles Wixom Realty 801-372-3481 for details.
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
4,055 SF
Building Class
C
Year Built
1977
Price
$1,550,000
Price Per SF
$382.24
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.69 AC
Zoning
C - Commercial
Parking
20 Spaces (4.93 Spaces per 1,000 SF Leased)
Frontage
198’ on Center St
AMENITIES
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACT
-
Charles Wixom - Charles Wixom Realty
