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    1175 Highway 40 Vernal, UT 84078

    For Sale
    $499,000

    High-Traffic Hwy 40 Location, $499,000

    Property size:
    4,085 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,085-square-foot commercial property, situated on one acre of land at 1175 E Hwy 40 in Vernal, Utah, presents a unique investment opportunity. Built in 1980, this single-story building is currently configured as a convenience store and fuel stop, but its flexible zoning allows for a variety of uses. The asking price is $499,000, translating to $122.15 per square foot. The property boasts a high-traffic location on East Highway 40, making it ideal for businesses seeking maximum visibility and accessibility. The entire 4,085 square feet is net rentable. Given its versatility, this property is well-suited for a range of commercial ventures, including but not limited to restaurants or commercial offices. All existing fixtures, fittings, and equipment are included in the sale. The property's location in Uintah County, Utah, zip code 84078, offers easy access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-located commercial property at an attractive price point. Consider the potential for significant return on investment in this thriving Utah community. The property is classified as Retail, Industrial, Mixed Use, and Special Purpose.

    Property Features for 1175 Highway 40

    General Information

    Property type
    Flex space
    Square Feet
    4,085 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1980
    Stories
    1

    HighLights

    • 4,085 SF commercial building on 1‑acre lot at 1175 E Hwy 40, Vernal, UT.
    • Asking price: $499,000 ($122.15/SF).
    • High‑traffic location on Hwy 40, offering excellent visibility and accessibility.
    • Flexible zoning allows for various uses (Retail, Industrial, Mixed Use, Special Purpose).
    • All fixtures, fittings, and equipment included.
    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
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.506008
    Latitude
    40.452371

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    FAQs

    What type of property is this?
    Flex space - High-Traffic Hwy 40 Location, $499,000
    Where is this flex space located?
    The property is located at 1175 Highway 40 Vernal, UT.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 4,085 SF commercial building on 1-acre lot at 1175 E Hwy 40, Vernal, UT.; Asking price: $499,000 ($122.15/SF).; High-traffic location on Hwy 40, offering excellent visibility and accessibility.
    Request Owner's contact information
    1175 Highway 40 Vernal, UT 84078
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    Vernal, UT 84078
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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
    1175 Highway 40 Vernal, UT 84078
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