Current Use by Public Records
- Utah Party Rentals / Party Supply Store / Rental Equipment Company
- Pawn Depot / Discount Store / (Bike/Boat/Book/etc) Store
Property Details for 1946 5600
- Year built
- 1973
- Lot size
- 3.11 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional mixed-use property, located at 1946 W 5600 S in Roy, UT 84067, presents a compelling value-add investment opportunity. The 39,516 square foot, single-story building sits on a 3.11-acre lot and boasts a 100% occupancy rate with eight tenants. Built in 1973 and renovated in 2003, the property generates a strong NOI of $481,837, representing an 8.03% cap rate at an asking price of $6,000,000 ($151.84/sq ft). The property benefits from a high-traffic location at a signalized intersection just 500 feet from I-115, with over 43,000 vehicles passing daily. Its proximity to Hill Air Force Base (23,000 employees) and a large residential population (200,000 within a 5-mile radius) ensures a substantial customer base. Current leases range from 2025 to 2027, with some month-to-month agreements, providing flexibility for future redevelopment. The DTW (Downtown West) zoning allows for mixed-use development, including retail, residential, hotel, and office spaces. The City of Roy and the Roy Redevelopment Agency have expressed strong interest in a hotel development on this site, offering potential for significant public funding support. This property offers a unique blend of immediate income and significant long-term redevelopment potential.
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
- Roy
- County
- Weber
- State
- Utah
- Longitude
- -112.027
- Latitude
- 41.1619
