Tenant-Leased
For Sale
$539,000
1501 S Main St, Bountiful, UT 84010
Red Hanger Cleaners occupies the Bountiful storefront, which is offered with cash purchase or potential seller financing.
Property Size1,830 SF
Price / SF$294.54
Days on Market235
Property Features for 1501 S Main St
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Commercial
Zoning
C
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,322
Building Details
Building Size
1,830 SF
Year Built
1950
Listing Agency:
Imagine Life Real Estate, LLC
Listed By:
David T Owen
(801) 644-7027
Source:
Etzelonline
Added: Mar 3
Changed: Oct 23
Last Checked: Oct 23 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Imagine Life Real Estate, LLC
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Investment Insights
Based on property information with market context.
The 1,830-square-foot storefront at 1501 S Main St in Bountiful is occupied by Red Hanger Cleaners. The building dates to 1950 and is zoned C. Its prior use was dry cleaning.
Environmental investigation and monitoring are ongoing, with contamination identified in subsurface areas below the building. The property is offered for cash purchase or potential seller financing; traditional financing may be limited by the environmental conditions.
Environmental investigation and monitoring are ongoing, with contamination identified in subsurface areas below the building. The property is offered for cash purchase or potential seller financing; traditional financing may be limited by the environmental conditions.
Key Highlights
- 1,830‑square‑foot storefront occupied by Red Hanger Cleaners
- Zoned C
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,120
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,400
$442.4K
Cap Rate 7%
$316,000
$316.0K
Cap Rate 9%
$245,778
$245.8K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$35.5K $19.38/SF
− Vacancy
−$3.9K −$2.11/SF
EGI
$31.6K $17.27/SF
− OpEx
−$9.5K −$5.18/SF
NOI
$22.1K $12.09/SF
Area
Davis County, UT
Vacancy
10.90%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,400
Cap Rate 7%
$316,000
Cap Rate 9%
$245,778
Alternative Uses
Best Use
Retail
$316.0K
$276.5K – $368.7K
NOI $22,120 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.7K
$369.8K – $493.1K
NOI $29,586 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 8%
Home Improvements & Furnishings 2%
Maverik Adventures First Stop
Shops & Services
12,842 visits/mo
0.1 miles
Mountain America Credit Union
Shops & Services
9,618 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,002 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,222 visits/mo
0.4 miles
Wells Fargo
Shops & Services
4,152 visits/mo
0.2 miles
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Flower Patch — 560 S 500 W, Bountiful, UT 84010
- Boun Florist & Flower Delivery Bountiful UT — 96 500 S, Bountiful, UT 84010
Frequently Asked Questions
What type of property is this?
Storefront property - Red Hanger Cleaners occupies the Bountiful storefront, which is offered with cash purchase or potential seller financing.
Where is this storefront property located?
The property is located at 1501 S Main St Bountiful, UT.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 1,830‑square‑foot storefront occupied by Red Hanger Cleaners; Zoned C; Built in 1950
