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    1024 Highway 40 Roosevelt, UT 84066

    For Sale
    $1,800,000

    Premier Event Venue, 12,000 SF, $1.8M

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12,000 square foot, multi-purpose event center in Roosevelt, Utah, is offered for sale at $1,800,000 ($150/sq ft). The property sits on 2.87 acres and includes a custom-built main hall (100' x 58', post-free), 3,000 square feet of storage, 2,400 square feet of restrooms and changing rooms, a kitchen, and a 2,400 square foot mezzanine. Exterior features include a landscaped garden area with a waterfall, a large 40' x 60' pavilion, and ample parking. The sale includes all existing furniture, fixtures, and equipment, even a scissor lift. This established venue has a proven track record hosting weddings, reunions, corporate events, and community gatherings. Its versatile design presents numerous opportunities for expansion and diversification, including potential uses as an indoor sports facility, dance studio, church, or warehouse. Located at 1024 W Hwy 40, Roosevelt, UT 84066, in Duchesne County, this property offers a unique blend of established success and significant future potential. The information provided is deemed reliable but not guaranteed

    Property Features for 1024 Highway 40

    General Information

    Property type
    Flex space
    Square Feet
    12,000 SF

    Building Details

    Buildings
    1

    HighLights

    • 12,000 SF multi‑purpose event center on 2.87 acres in Roosevelt, UT.
    • Offered at $1,800,000 ($150/SF).
    • Includes 100' x 58' post‑free main hall, 3,000 SF storage, 2,400 SF restrooms/changing rooms, kitchen, and 2,400 SF mezzanine.
    • Exterior features include landscaped garden, 40' x 60' pavilion, and ample parking.
    • FF&E included; established venue with diverse event history.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Roosevelt
    County
    Duchesne
    State
    Utah
    Longitude
    -110.0114212
    Latitude
    40.2844174

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    Nearby Similar for Sale

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      Retail Property in Roosevelt, UT

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    FAQs

    What type of property is this?
    Flex space - Premier Event Venue, 12,000 SF, $1.8M
    Where is this flex space located?
    The property is located at 1024 Highway 40 Roosevelt, UT.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 12,000 SF multi-purpose event center on 2.87 acres in Roosevelt, UT.; Offered at $1,800,000 ($150/SF).; Includes 100' x 58' post-free main hall, 3,000 SF storage, 2,400 SF restrooms/changing rooms, kitchen, and 2,400 SF mezzanine.
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    1024 Highway 40 Roosevelt, UT 84066
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    Roosevelt, UT 84066
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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
    1024 Highway 40 Roosevelt, UT 84066
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