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    870 Sr 198 Salem, UT 84653

    For Lease
    Contact for pricing

    Grocery-anchored retail space available.

    Lot size:
    2,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2,100 square foot retail space is ideally situated in Salem, Utah, at 870 North SR 198, zip code 84653. Located in Utah County, this single-tenant property offers a fantastic opportunity for a variety of retail businesses. The entire space, totaling 2,100 square feet, is currently vacant and ready for immediate occupancy. Its prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic. The property's "grocery-anchored" status suggests a strong existing customer base in the immediate vicinity, providing a built-in market for potential tenants. This presents a unique chance to establish a thriving business within a well-established commercial area. The property is classified as retail commercial real estate and is perfect for a single tenant seeking a prominent location in a growing community. The address is easily accessible from State Route 198, ensuring convenient access for both customers and employees. Serious inquiries are encouraged to explore this exceptional leasing opportunity. The property is available for lease.

    Property Features for 870 Sr 198

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,100 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,100 SF

    HighLights

    • Up to 2,100 square feet of leasable space available.
    • Rental rate to be determined.
    • New construction currently underway.
    • Shadow‑anchored by McDonald's, Dollar Tree, and O'Reilly Auto Parts.
    • High visibility from State Route 198.
    • Serves an underserved market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Utah
    State
    Utah
    Longitude
    -111.6647712
    Latitude
    40.0679524

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    FAQs

    What type of property is this?
    Retail property - Grocery-anchored retail space available.
    Where is this retail property located?
    The property is located at 870 Sr 198 Salem, UT.
    What are key features of this property?
    This property features: Up to 2,100 square feet of leasable space available.; Rental rate to be determined.; New construction currently underway.
    Request Owner's contact information
    870 Sr 198 Salem, UT 84653
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    Salem, UT 84653
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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
    870 Sr 198 Salem, UT 84653
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