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    305 Main St Nephi, UT 84648

    Sponsored
    For Sale
    $500,000

    Main Street Charm, High Visibility, Ample Parking

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This stunning, meticulously restored historical retail property at 305 MAIN, Nephi, UT, presents a unique investment opportunity. Boasting a prominent Main Street location, this building offers exceptional visibility and accessibility for any business. The 0.29-acre lot provides ample parking, a significant advantage in a high-traffic area. The interior retains its original character and charm, featuring a grand entry foyer and beautiful original wood accents and banister, creating a welcoming and sophisticated atmosphere. The layout is versatile, perfectly suited for a single business operation or easily adaptable for multiple tenants, allowing for rental income from individual rooms. The property's size is not specified, but the combination of its prime location, historical significance, and flexible floor plan makes it an exceptional prospect for a variety of commercial uses. The asking price is $500,000. This is a rare chance to acquire a piece of Nephi's history and establish a thriving business in a vibrant community. Serious inquiries are encouraged to schedule a viewing and explore the potential of this remarkable property.

    Property Features for 305 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    12,632 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nephi
    County
    Juab
    State
    Utah
    Longitude
    -111.8366
    Latitude
    39.71325

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Main Street Charm, High Visibility, Ample Parking
    Where is this retail property located?
    The property is located at 305 Main St Nephi, UT.
    What is the asking price?
    The asking price for this property is $500,000.
    (801) 754-3437
    Request Owner's contact information
    305 Main St Nephi, UT 84648
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    Nephi, UT 84648
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 Main St Nephi, UT 84648
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