$1,360,000
$1,470,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
0.61 Acres Lot
SOLD DATE : 08/16/2023
Key Details
Sold Price $1,360,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1879201
Sold Date 08/16/23
Construction Status Blt./Standing
HOA Y/N No
Year Built 1999
Annual Tax Amount $7,084
Lot Size 0.610 Acres
Acres 0.61
Lot Dimensions 90.7x293.0x90.7
Property Description
GREAT LOCATION, CLOSE TO I-15 FREEWAY INTERCHANGE, THIS PROPERTY HAS BEEN OPERATING AS A BIG O TIRE STORE FOR PAST 17-YEARS, TENANT CURRENTLY OPERATES 4-BIG O TIRE STORES, THIS PROPERTY INCLUDES NICE SHOWROOM / RECEPTION AREA, COMFORTABLE WAITING LOUNGE AREA, 3-SERVICE BAYS, 6.5 YEARS REMAIN ON TENANT'S 10-YEAR NN LEASE WITH ADDITIONAL 5-YEAR OPTION TO EXTEND, ZONED "HC-2" HIGHWAY COMMERCIAL Great 1031 Exchange Opportunity, 6.83% CAP Rate with Annual Growth Over 7.83% CAP in 6-Years. Information deemed reliable, but not guaranteed. Buyers / Brokers / Agents to verify all information.
Location
State UT
County Juab
Area Nephi
Zoning Commercial
Interior
Heating Forced Air
Cooling Central Air
Flooring Tile, Concrete
Fireplace false
Appliance Real Estate
Exterior
Utilities Available Gas: Natural, Separate Meter: Gas, Separate Meter: Elec.
View Y/N No
Roof Type Flat
Present Use Retail
Accessibility Ground Level, Single Level
Private Pool false
Building
Faces South
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID XA00-0897-21
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Conventional
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