168 100th E Saint George, UT 84770-2893
- Commercial real estate
- 27,034 SF
- 1.13 lot acres
Current Use by Public Records
- Reyes Income Tax Services / Home Insurance Agency / Payroll Service
- Krackerjak / Business To Business Service
- Memory Matters Utah / Non-Profit Organization
- Valpak of Southern Utah / Advertising Agency / Marketing Consultant
- Scholes Dispute Resolution Services / Mediation Service
Property Details for 168 100th E
- Year built
- 1960
- Construction
- WOOD FRAME
- Lot size
- 1.13 lot acres
- Property size
- 27,034 SF
- Zone code
- C-4
- Property type
- Commercial real estate
- APN
- SG-425-1-CB
- APU
- SG4251CB
Description
This exceptional investment opportunity presents a fully leased, multi-tenant office complex in St. George, Utah's central business district. Comprising two buildings totaling 27,876 square feet on a 1.36-acre lot, the property features 37 units across two stories, currently boasting 100% occupancy with 34 tenants. Built in 1960 and 1973, and extensively renovated in 2023, the property is zoned C-4 Commercial. The current Net Operating Income (NOI) stands at $230,000, with a pro-forma NOI projected at $280,000, yielding a current cap rate of 5.41% and a pro-forma cap rate of 6.59%. The asking price is $4,250,000, translating to $152.46 per square foot and $114,864.86 per unit. This value-add opportunity offers significant upside potential for savvy investors. The property's prime location at 168 N 100 E & 130 E 200 N, St. George, UT 84770, ensures high visibility and accessibility. The gross lease structure simplifies management, while the strong tenant base provides immediate cash flow. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving market. The property's solid foundation, recent renovations, and strong tenant occupancy make it an attractive investment prospect with considerable long-term growth potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Saint George
- County
- Washington
- State
- Utah
- Longitude
- -113.581
- Latitude
- 37.111
- CBSA code
- 41100
- CBSA name
- ST. GEORGE, UT METROPOLITAN STATISTICAL AREA