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    2087 Main St Nephi, UT 84648

    For Sale
    $2,100,000

    3.97 Acres, Main Street, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3.97-acre commercial land parcel presents a prime redevelopment opportunity in Nephi, Utah. Located on Main Street, near the I-15 interchange, this property boasts high visibility and significant traffic counts. The site includes an existing 10,300 square foot retail building, providing immediate income potential or a foundation for future development. The land is zoned C, offering flexibility for a variety of commercial uses. With a land value of $12 per square foot, the asking price is $2,100,000. The property's strategic location benefits from excellent access to I-15, with a daily traffic count of 36,286 vehicles, and Main Street sees 2,311 vehicles daily. A prominent pylon sign, visible from I-15, further enhances visibility and marketing potential. This property is ideal for investors seeking a high-traffic location with significant redevelopment potential in a growing Utah community. The combination of existing infrastructure and prime location makes this a truly unique investment opportunity. Serious inquiries are encouraged.

    Property Features for 2087 Main St

    General Information

    Property type
    Land
    Lot Size
    172,933 SF

    HighLights

    • 3.97‑acre commercial land parcel in Nephi, Utah.
    • Existing 10,300 SF retail building.
    • High‑visibility Main Street location near I‑15 interchange.
    • Pylon signage visible from I‑15.
    • High traffic counts: I‑15 (36,286 ADT), Main Street (2,311 ADT).
    • Prime redevelopment opportunity with C‑zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chevron Gas Station Subway Sandwich Shop Be Young Total ... Health Consultant Chevron - Convenience Store Convenience Store Be Young Total ... Vitamin & Supplements Store

    Suggested Use

    Building Supply Auto Parts Store Storage Facility Gym & Fitness Cafe & Coffee Shop Car Rental Convenience Store Auto Repair Shop Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Nephi
    County
    Juab
    State
    Utah
    Longitude
    -111.8403757
    Latitude
    39.6772456

    Nearby Comparable

    • Contact for pricing

      Redevelopment Opportunity on Main Street

      Retail building and land for sale near I-15 interchange.
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      Tesla Charging Station Available

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      Nephi Commercial Land - I-15 Access

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      Exxon Mobile Truck Stop, Nephi, UT

      High-traffic I-15 Exxon station, strong sales.
      2025 Main St, Nephi, UT 84648
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    Nearby Similar for Sale

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      Historic Nephi Retail Building

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      Exxon Mobile Truck Stop, Nephi, UT

      High-traffic I-15 Exxon station, strong sales.
      2025 Main St, Nephi, UT 84648
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    FAQs

    What type of property is this?
    Land - 3.97 Acres, Main Street, High Traffic
    Where is this land located?
    The property is located at 2087 Main St Nephi, UT.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 3.97-acre commercial land parcel in Nephi, Utah.; Existing 10,300 SF retail building.; High-visibility Main Street location near I-15 interchange.
    Request Owner's contact information
    2087 Main St Nephi, UT 84648
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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
    2087 Main St Nephi, UT 84648
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