2448 Hwy Moab, UT 84532

Property Details for 2448 Hwy

Year built

1976

Lot size

1.98 lot acres

Property size

2,670 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional 1.98-acre commercial property, located at 2448 S Hwy 191 in Moab, Utah, presents a unique redevelopment opportunity. Situated just three miles from downtown Moab and near the new college campus, this highly visible location boasts excellent views and significant potential for various uses. The property currently features a 2,670 square foot building, originally operating as a bed and breakfast, which is in fair condition but not currently financeable. Grand County Planning & Zoning permits up to 18 units per acre, although buyers are advised to independently verify this information with the county. The property's zoning allows for mixed-use development, including multi-family, commercial, and potentially industrial uses. The existing structure offers immediate income potential or could be incorporated into a larger development plan. The property includes existing utilities such as natural gas, sewer, and water connections. Features include a wood-frame construction, forced-air gas heating, carpet and tile flooring, RV parking, and a private restroom. The land is relatively flat with partial landscaping and offers mountain and valley views. The asking price is $1,600,000, with land value estimated between $750,000 and $800,000 per acre. Financing options include cash and conventional loans. This is an ideal investment for developers seeking a prime location with high visibility and multiple development possibilities in the thriving Moab market. Don't miss this chance to create your dream project in this desirable area.

Location Insight

City

Moab

County

Grand

State

Utah

Longitude

-109.513

Latitude

38.536