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 £2,147,288 (£518/SF) 8.22% Net Initial Yield
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.
EXECUTIVE SUMMARY
• The property has over 330 feet of SR-9 frontage and a canopy of over 3,000 square feet.
• 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 trap.
• Generates approximately $18,500 monthly net operating income (NOI).
• The site includes four vacation rentals, over 4.8 VRBO guest rating, two auto bays, two outbuildings, and a spacious yard.
• 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 trap.
• Generates approximately $18,500 monthly net operating income (NOI).
• The site includes four vacation rentals, over 4.8 VRBO guest rating, two auto bays, two outbuildings, and a spacious yard.
• The seller is motivated and open to considering all offers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
4,144 SF
Building Class
B
Year Built
1981
Price
£2,147,288
Price Per SF
£518
Net Initial Yield
8.22%
NOI
£176,555
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.06
Lot Size
1.67 AC
Zoning
HC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0295942 | Improvements Assessment | £149,435 |
| Land Assessment | £780,420 | Total Assessment | £929,855 |
PROPERTY TAXES
Parcel Number
0295942
Land Assessment
£780,420
Improvements Assessment
£149,435
Total Assessment
£929,855
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Income Producing SR-9 Frontage | 1550-1560 W State St
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