716 80 Ephraim, UT 84627
- Retail properties
- 1.41 lot acres
Current Use by Public Records
- Retail properties
Property Details for 716 80
- Lot size
- 1.41 lot acres
- Property type
- Retail properties
Description
This exceptional commercial investment property in the thriving city of Ephraim, Utah, presents a rare opportunity. The existing building, totaling 1.41 acres, comprises five currently leased retail units, ensuring immediate cash flow. The design allows for flexible use, accommodating retail, office, or flex office/industrial tenants. This turnkey investment includes complete architectural plans and drawings for a substantial Phase 2 expansion on the north end of the property. All underground utilities (sewer, water, electric, and gas) are already installed and stubbed up, significantly reducing construction time and costs for the future Phase 2 building. The property boasts two planned entrances, one from 700 N. Street and a future access point from a planned 100 E. road. Landlord responsibilities encompass property taxes, insurance, and exterior maintenance and utilities. Tenant responsibilities cover all interior utilities and maintenance. This property offers significant upside potential for future growth and improvement, making it an ideal investment for discerning buyers seeking strong returns and long-term appreciation in a dynamic market. The asking price is $2,690,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ephraim
- County
- Sanpete
- State
- Utah
- Longitude
- -111.579
- Latitude
- 39.3541
