14886 Traverse Rdg Rd Draper, UT 84020-5570

Property Details for 14886 Traverse Rdg Rd

Lot size

0.01 lot acres

Zone code

C-2

Property type

Commercial land

APN

34-09-479-029-6000

APU

34094790296000

Description

This exceptional opportunity presents the chance to acquire the thriving Royal on Ridge restaurant, a fully operational business located at 14886 Traverse Ridge Rd, Draper, UT 84020. The property, situated on a half-acre lot (APN 34-09-479-029), encompasses a 4,000 square foot, two-story building constructed in 2004 and extensively renovated in 2023. The asking price is $1,650,000, representing a price per square foot of $412.50 and a 7.27% cap rate with a Net Operating Income (NOI) of $120,000. The restaurant boasts a full culinary kitchen, complete with all necessary equipment, including a prominent imported Italian pizza oven. Indoor seating accommodates 85 patrons, complemented by a spacious patio with capacity for over 50 additional guests, accessible via large overhead doors. Twenty designated parking spaces are available for customers. The property is zoned CC and enjoys a prime location, attracting significant traffic from travelers between Salt Lake and Utah County. This well-established family restaurant, with a liquor license, offers a turnkey operation poised for continued growth and success. The sale includes the building, land, and the established business.