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Restaurant with Rooftop Balcony

N HWY 9 Virgin, UT 84779

N HWY 9, Virgin, UT, 84779
$2,700,000
For Sale
Claim this Listing
$2,700,000

COMMERCIAL - Virgin, UT

Property Size5,200 SF
Lot Size1.00 Acre
Price / SF$519.23
AddedOct 6, 2023
Days on Market1014
Last RefreshJul 15 at 7:06 am

Property Features for N HWY 9

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
V-2-21-2126
Size
5,200 SF
Lot size
1.00 Acre

Taxes and HOA fees

Tax Annual Amount
7675

Building Details

Year built
2020
Floors in Building
1

Listing agent SHELLEE Annette HAINES

Listing office WHITE CROW REAL ESTATE 4617 Pioneer Road, St George, UT

Listing date Oct 6, 2023

MLS# 23-245225

Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This restaurant property is offered for sale and features a design built around both indoor and outdoor dining. The layout includes indoor dining as well as exterior spaces, highlighted by a rooftop balcony and an outdoor patio. The kitchen is described as state of the art, supporting a full-service restaurant operation. Interior and exterior finishes emphasize presentation, with calming water features, outdoor planters, and art placed throughout the space.

The property is located in Virgin, Utah, on N Hwy 9, within Washington County. The listing notes the option for patrons to enjoy views from the rooftop balcony as part of the overall dining experience. Additional details are available through the listing agent, and the sale process requires a Non-Disclosure Statement. Buyer verification is encouraged for all information provided.

For tenants and buyers, the improvements support restaurant use with both indoor service and outdoor guest seating areas. The combination of a rooftop balcony, outdoor patio, and the dedicated kitchen configuration may fit operators seeking an experience-focused dining concept rather than a strictly interior-only setup. Interested parties should contact the listing agent for operational specifics and to confirm all details through the NDA process.

Key Highlights

  • Year built: 2020
  • Indoor and outdoor dining setup for a restaurant concept
  • State‑of‑the‑art kitchen

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $135.4k $26.04
− Vacancy −$1.8k −$0.34
EGI $133.6k $25.70
− OpEx −$33.4k −$6.43
NOI $100.2k $19.28
5,200 SF · lease $26.04/SF/yr · vacancy 1.30% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M (±1% cap)
NOI $100,236 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

FAQs

What type of property is this?
Conventional restaurant - Restaurant property with indoor/outdoor dining, a state-of-the-art kitchen, and rooftop balcony patio setting.
Where is this conventional restaurant located?
The property is located at N HWY 9 Virgin, UT.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Year built: 2020; Indoor and outdoor dining setup for a restaurant concept; State‑of‑the‑art kitchen
Contact an agent
More about this property
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