Standalone Corner Commercial
For Sale
$389,000
701 40TH ST, South Ogden, UT 84403
Conversion plans are approved to create six salon or creative suites after environmental remediation and major site work.
Property SizeContact for details
Days on Market144
Property Features for 701 40TH ST
General Information
Standard status
Active
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$1,233
Building Details
Year Built
1955
Listing Agency:
Growth Real Estate Group LLC
Listed By:
Taylor Musselman
(801) 695-0111
Source:
Evrealestate
Added: Apr 25
Changed: Sep 10
Last Checked: Sep 15 at 5:39AM
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 Growth Real Estate Group LLC
Investment Insights
Based on property information with market context.
This standalone commercial property at a corner intersection has been positioned for immediate redevelopment. The former gas station site has completed due diligence, including a Phase I Environmental Site Assessment and an electromagnetic survey confirming removal of prior fuel tanks. City-approved architectural plans are in place for conversion into six individual salon or creative suites, with estimated rents ranging from $900 to $1,200 per suite.
Significant groundwork has already been completed to support a faster buildout. New power service has been installed with both interior and exterior panels, the building has been trenched and is ready for plumbing, and the interior has been fully gutted. Seller financing is also available.
For investors or owner-users, the practical value here is the streamlined path from approved plans and environmental confirmation to permits and interior improvements. The existing engineered approach and completed early work are intended to reduce redevelopment uncertainty and allow the project to move forward with defined suite layouts for independent service-based and creative tenants.
Significant groundwork has already been completed to support a faster buildout. New power service has been installed with both interior and exterior panels, the building has been trenched and is ready for plumbing, and the interior has been fully gutted. Seller financing is also available.
For investors or owner-users, the practical value here is the streamlined path from approved plans and environmental confirmation to permits and interior improvements. The existing engineered approach and completed early work are intended to reduce redevelopment uncertainty and allow the project to move forward with defined suite layouts for independent service-based and creative tenants.
Key Highlights
- Standalone commercial property on the corner of 40th Street and Madison Drive in South Ogden
- Phase I Environmental Site Assessment and electromagnetic survey confirm removal of prior fuel tanks
- Approved conversion plans for six individual salon or creative suites
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Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
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Business Placement
Demographics for 84403, UT
37,847
Population
14,587
Households
2.6
Avg Household Size
33
Median Age
34%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,113
Density / Sq Mi
$84,589
Median Household Income
$41,227
Median Earnings
$1,172
Median Rent
$392,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Creative space - Conversion plans are approved to create six salon or creative suites after environmental remediation and major site work.
Where is this creative space located?
The property is located at 701 40TH ST South Ogden, UT.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Standalone commercial property on the corner of 40th Street and Madison Drive in South Ogden; Phase I Environmental Site Assessment and electromagnetic survey confirm removal of prior fuel tanks; Approved conversion plans for six individual salon or creative suites
