775 N Main St
4,700 SF Retail Building Logan, UT 84321 $1,300,000 ($276.60/SF) 6.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Main Street Visibility
- Private parking
EXECUTIVE SUMMARY
Prime Investment property on Main Street/Hwy91 Logan UT. 4720 SF, single level, private bathroom and well maintained. Large pole sign. Great visibility across from Smith's Marketplace.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$84,960
|
$18.08
|
| Other Income |
$11,800
|
$2.51
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$96,760
|
$20.59
|
| Taxes |
-
|
-
|
| Operating Expenses |
$11,800
|
$2.51
|
| Total Expenses |
$11,800
|
$2.51
|
| Net Operating Income |
$84,960
|
$18.08
|
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,700 SF
Building Class
C
Year Built
1973
Price
$1,300,000
Price Per SF
$276.60
Cap Rate
6.54%
NOI
$85,020
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.34
Lot Size
0.32 AC
Zoning
Commercial - Main Street Commercial
Parking
18 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
100’ on Main Street
AMENITIES
- Freeway Visibility
- Pylon Sign
- Security System
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Heber Hatchets
- Retailer
- 4,700 SF
- -
- Jan 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Heber Hatchets | Retailer | 4,700 SF | - | Jan 2025 |
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-048-0019 | Total Assessment | $664,388 (2024) |
| Land Assessment | $248,063 (2024) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $416,325 (2024) | Tax Year | 2025 |
