1358 Washington Blvd Ogden, UT 84404-5745
- Retail space
- 1,430 SF
- 0.18 lot acres
Current Use by Public Records
- Retail space
Property Details for 1358 Washington Blvd
- Year built
- 1888
- Construction
- WOOD FRAME
- Lot size
- 0.18 lot acres
- Property size
- 1,430 SF
- Zone code
- 03A
- Property type
- Retail space
- APN
- 12-111-0028
- APU
- 121110028
Description
This unique Ogden, UT investment property at 1358 WASHINGTON offers a compelling blend of commercial and residential income streams. The main floor houses a currently operating business operating on a month-to-month lease, while the upper level features two studio apartments, each generating rental income. The combined monthly income from all sources, including rents and utilities, totals $3,785. The current studio apartment leases expire on February 28, 2025. The property sits on a 0.18-acre lot. The asking price for this exceptional opportunity is $470,000. A significant advantage for qualified buyers is the availability of a seller-affiliated bridge loan. This loan program offers financing of up to 100% of the purchase price, with the attractive feature of no origination charges. This financing option is available for a one-year term. It's crucial for prospective buyers to independently verify the lending terms and conditions directly with the lender, as this is a unique financing arrangement. This property presents a rare chance to acquire a mixed-use investment with established income and attractive financing possibilities. The property's location in Ogden, UT, offers access to a vibrant local market and potential for future growth. All financial information should be independently verified by the buyer.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $410,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $510,000
- Mixed-Use
- $400,000
- Hospitality
- $395,000
- Educational
- $420,000
- Residential Income
- $375,000
- Energy
- $445,000
- Income-Based Land
- $380,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.97
- Latitude
- 41.2414
- CBSA code
- 36260
- CBSA name
- OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA