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    1581 Main St Tooele, UT 84074

    For Sale
    $800,000

    1.01-acre lot, high traffic, drive-thru potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.01-acre retail parcel, located at 1581 N Main St in Tooele, Utah (zip code 84074), presents a unique investment opportunity. The property is zoned CG and boasts an excellent location with high visibility and immediate access to SR 36. With an average daily traffic count of 29,103 vehicles on Main Street, this site offers significant potential for businesses seeking high exposure. The property is suitable for a variety of uses, including bank and quick-service restaurant (QSR) establishments, and allows for drive-thru options. The asking price for the outright purchase is $800,000. Alternatively, a ground lease option is available at $70,000 per year. The APN is on record. This property is situated in Tooele County, Utah, and offers a compelling opportunity for investors seeking a high-traffic, strategically located retail site. The property's size and zoning make it ideal for a variety of commercial developments. Don't miss this chance to acquire a prime piece of real estate in a growing area.

    Property Features for 1581 Main St

    General Information

    Property type
    Restaurants
    Lot Size
    43,996 SF

    HighLights

    • $800,000 asking price for 1.01‑acre retail land parcel.
    • Drive‑thru potential.
    • High traffic count (29,103 ADT) and excellent visibility on Main Street.
    • Immediate access to SR 36.
    • CG zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Clothing Store Department Store Dental Office Electrical Service Home Appliance Store Plumbing Service HVAC Service Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.29790393886
    Latitude
    40.559982475083

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    FAQs

    What type of property is this?
    Restaurant - 1.01-acre lot, high traffic, drive-thru potential.
    Where is this restaurant located?
    The property is located at 1581 Main St Tooele, UT.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for 1.01-acre retail land parcel.; Drive-thru potential.; High traffic count (29,103 ADT) and excellent visibility on Main Street.
    Request Owner's contact information
    1581 Main St Tooele, UT 84074
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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
    1581 Main St Tooele, UT 84074
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