1022 Wasatch Spg Rd Hideout, UT 84036
This exceptional mixed-use property, located at 1038 W Wasatch Spring Rd #W-2 in Hideout, Utah, presents a unique investment opportunity. The 1,590 square foot space is part of a new 20-unit development across five buildings, completed in 2024 and boasting a "white-box" finish, including a Certificate of Occupancy. The property features eight units in two buildings, each with eight parking spaces. The building is single-story and zoned for commercial mixed use, allowing for flexibility in tenant selection. The interior is finished with drywall and paint, and includes a completed bathroom. Basic infrastructure is complete, making it move-in ready for a variety of commercial uses, including restaurants, retail, and office space. This prime location offers convenient access to the growing amenities in Deer Valley East Village via the new Jordanelle Parkway, connecting to a nearby planned grocery store and gas station. Minutes from Park City and Jordanelle Reservoir, this property is ideally situated to capitalize on the high demand in this rapidly developing corridor. Unit footprints range from 26ft x 44ft (with a second floor) to 26ft x 60ft (single floor with roller door frontage). Residential use is subject to county approval. Asking price is $1,050,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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