Current Use by Public Records
- Specialty properties
Property Details for 270 Logan Rd
- Lot size
- 1.59 lot acres
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garden City
- County
- Rich
- State
- Utah
- Longitude
- -111.4
- Latitude
- 41.9467
