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Property profile & analytics
OFF-MARKET
Commercial real estate

2087 Main St Nephi, UT 84648-2033

0.67 ac lot
Entity Owned 15-yr Hold Free & Clear
Property ID
US86-1318523
Property summary
AI-generated overview

This exceptional 3.97-acre commercial land parcel presents a prime redevelopment opportunity in Nephi, Utah. Located on Main Street, near the I-15 interchange, this property boasts high visibility and significant traffic counts. The site includes an existing 10,300 square foot retail building, providing immediate income potential or a foundation for future development. The land is zoned C, offering flexibility for a variety of commercial uses. With a land value of $12 per square foot, the asking price is $2,100,000. The property's strategic location benefits from excellent access to I-15, with a daily traffic count of 36,286 vehicles, and Main Street sees 2,311 vehicles daily. A prominent pylon sign, visible from I-15, further enhances visibility and marketing potential. This property is ideal for investors seeking a high-traffic location with significant redevelopment potential in a growing Utah community. The combination of existing infrastructure and prime location makes this a truly unique investment opportunity. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.67 ac (29,185 SF)
APN XA00-2506-B3C
UPID US86-1318523
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chevron Gas Station
  • Subway Take-out & Catering
  • Be Young Total Health Physician
  • Chevron - Convenience Store Grocery & Convenience Store
  • Be Young Total Health - (Younifi) (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
440 N Main Partners, LLC 440 N Main · 15 yrs held
440 N Main Partners, LLC 440 N Main
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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