2577 Highway 162 Eden, UT 84310
- Post offices
- 2,277 SF
- 0.76 lot acres
Current Use by Public Records
- United States Postal Service / Post Office / Logistics Service
- Meadow Lake Land Company, LLC / Real Estate Agency
- North Fork Land Solutions / Consultant
- Custer Properties, LLC / Real Estate Agency
Property Details for 2577 Highway 162
- Year built
- 1989
- Lot size
- 0.76 lot acres
- Property size
- 2,277 SF
- Property type
- Post offices
- APN
- 22-046-0068
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,277 square foot retail building currently leased to the United States Postal Service (USPS) in Eden, Utah. Located at 2577 N Hwy 162, this property boasts a 100% occupancy rate with a lease expiring June 30, 2029. The asking price is $895,000, representing a 3.97% cap rate and a price per square foot of $393.06. The property sits on a 0.76-acre lot and includes 34 parking spaces. Built in 1989, the building is zoned for general commercial use and offers a net lease structure with limited landlord responsibilities, primarily encompassing roof and structural maintenance. This makes it an ideal low-management investment. The property benefits from a high-traffic location along State Highway 162, averaging 5,300 vehicles per day, and enjoys proximity to Powder Mountain Ski Resort, attracting over one million skiers annually. The strong demographics of the 5-mile trade area, featuring over 6,000 residents, 1,000 employees, and an average household income exceeding $156,621, further enhance the investment potential. The property's APN is 22-046-0068. The current NOI is $35,500. While the current tenant is USPS, the zoning allows for potential alternative uses, such as a quick-service restaurant.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eden
- County
- Weber
- State
- Utah
- Longitude
- -111.8281032
- Latitude
- 41.3054467
