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    6990 Highway 38 Honeyville, UT 84314

    For Sale
    $550,000

    Prime location, established business, high traffic.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property in Honeyville, UT, presents a unique investment opportunity. Situated on 0.13 acres at 6990 HWY 38, this property boasts a fully operational gas station and a spacious market, strategically located along a busy route to the popular Crystal Hot Springs. The market area offers significant versatility for various retail ventures, while the gas station ensures a consistent customer flow. Ample storage space is available to accommodate inventory and operational needs. A modern, small kitchen is included, providing the potential for adding food service. Most of the essential equipment will remain with the property, facilitating a seamless transition for the new owner. The property is listed at $550,000, and seller financing is available. While the exact square footage is currently unknown, potential buyers are encouraged to conduct their own independent measurement. This turnkey operation offers immediate income potential and significant growth opportunities. Don't miss this chance to own a thriving commercial business in a high-traffic location.

    Property Features for 6990 Highway 38

    General Information

    Property type
    Industrial properties
    Lot Size
    5,663 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sinclair Gas Station

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Accounting Firm HVAC Service Garden Center Daycare Center Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Honeyville
    County
    Box Elder
    State
    Utah
    Longitude
    -112.0793
    Latitude
    41.63668

    Nearby Comparable

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    • $6,887,925
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      Iowa Strings: Corinne, UT Land

      57.5 Acres, M-G Zoning, Investment Opportunity
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    • $850,000

      Corinne, Utah Industrial Land Parcel

      4.13-acre industrial land parcel in growing Corinne, Utah.
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    FAQs

    What type of property is this?
    Industrial property - Prime location, established business, high traffic.
    Where is this industrial property located?
    The property is located at 6990 Highway 38 Honeyville, UT.
    What is the asking price?
    The asking price for this property is $550,000.
    (801) 726-9563
    Request Owner's contact information
    6990 Highway 38 Honeyville, UT 84314
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    6990 Highway 38
    Honeyville, UT 84314
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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
    6990 Highway 38 Honeyville, UT 84314
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