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    270 Logan Rd Garden City, UT 84028

    Sponsored
    For Sale
    $2,499,369

    High-Income Go-Kart Track in Utah

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 270 W Logan Rd, Garden City, UT 84028, presents a lucrative investment opportunity. The 1.59-acre lot boasts a prime corner location in a high-growth area of Garden City, offering excellent visibility and accessibility. Currently operating as a successful go-kart business, the property is zoned C2 and generates a substantial net operating income (NOI) of $300,000, resulting in a compelling 12% capitalization rate. The asking price is $2,499,369. The business has demonstrated consistent year-over-year growth, reflecting the increasing popularity of the area and the limited availability of commercial properties. The spacious lot provides potential for future expansion and the addition of ancillary businesses. This turnkey operation offers a rare chance to acquire a thriving enterprise in a desirable location with significant upside potential. The property's strategic position at the entrance to Garden City ensures high traffic volume and visibility, maximizing its earning capacity. This is an ideal investment for an owner-user seeking a profitable and established business with room for future development. The property's strong financial performance and prime location make it a truly exceptional investment opportunity.

    Property Features for 270 Logan Rd

    General Information

    Property type
    Specialty properties
    Lot Size
    69,260 SF

    HighLights

    • High‑visibility corner lot in a prime location.
    • Located in a rapidly growing area with strong commercial potential.
    • Limited commercial land availability creates high demand.
    • Experiencing consistent year‑over‑year business growth.
    • Significant undeveloped land allows for future expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Dental Office Hair Salon Auto Repair Shop Department Store Building Supply Skin Care Clinic Food Market Garden Center Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Rich
    State
    Utah
    Longitude
    -111.39980884758
    Latitude
    41.946681122126

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    FAQs

    What type of property is this?
    Specialty property - High-Income Go-Kart Track in Utah
    Where is this specialty property located?
    The property is located at 270 Logan Rd Garden City, UT.
    What is the asking price?
    The asking price for this property is $2,499,369.
    What are key features of this property?
    This property features: High-visibility corner lot in a prime location.; Located in a rapidly growing area with strong commercial potential.; Limited commercial land availability creates high demand.
    Request Owner's contact information
    270 Logan Rd Garden City, UT 84028
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    Garden City, UT 84028
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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
    270 Logan Rd Garden City, UT 84028
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