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    515 200 Parowan, UT 84761

    For Sale
    $749,000

    Established Auto Shop, High Visibility, Turn-Key

    Property size:
    2,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional opportunity presents a thriving, turn-key automotive shop ideally situated in Parowan, Utah. The property, located at 515 W 200 S, boasts 2,856 square feet on a 0.53-acre lot. Built in 1999, the building features three convenient drive-in repair bays, perfect for efficient service operations. In addition to the bays, the property includes a well-appointed office space and a retail area at the front, complete with a restroom for customer convenience. The property's zoning is designated as Commercial Improved/Commercial Unimproved. This high-visibility location on 200 S ensures excellent exposure and accessibility for customers. An attractive feature is the availability of an adjacent lot for purchase at a separate price, offering potential for expansion or additional development. This established business is ready for a new owner to continue its success. Serious inquiries only. Please refrain from disturbing tenants or businesses on the property.

    Property Features for 515 200

    General Information

    Property type
    Automotive properties
    Square Feet
    2,856 SF
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1999

    HighLights

    • Prime auto shop for sale or lease in high‑visibility Parowan location on 200 S.
    • Turn‑key operation with three drive‑in bays, office, retail area, and restroom.
    • Adjacent lot available for purchase (separately priced), offering expansion potential.
    • Do not disturb tenants.
    • Contact agent for showings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Parowan
    County
    Iron
    State
    Utah
    Longitude
    -112.8382182
    Latitude
    37.8384456

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    FAQs

    What type of property is this?
    Automotive property - Established Auto Shop, High Visibility, Turn-Key
    Where is this automotive property located?
    The property is located at 515 200 Parowan, UT.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Prime auto shop for sale or lease in high-visibility Parowan location on 200 S.; Turn-key operation with three drive-in bays, office, retail area, and restroom.; Adjacent lot available for purchase (separately priced), offering expansion potential.
    (435) 628-1609
    Request Owner's contact information
    515 200 Parowan, UT 84761
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    Parowan, UT 84761
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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
    515 200 Parowan, UT 84761
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