280 Main St Price, UT 84501
This exceptional 14,655-square-foot auto shop, located at 280 E Main St in Price, Utah, presents a unique owner-user investment opportunity. The property, situated on a highly visible, signaled corner lot (0.55 acres) in the heart of Price's Main Street corridor, benefits from significant street frontage and allows for prominent pole and crown signage. Recently renovated in 2023, the two-story building boasts new stucco, paint, and roofing. The interior features ample space for various automotive services, and all existing fixtures, furniture, and equipment (FF&E) are included in the sale. The property includes 16 parking spaces, ensuring convenient access for customers and employees. Built in 1953, this Class C building is zoned for commercial use and offers easy access to Highways 6 and 191. The property will be delivered vacant on August 1, 2024. This is a remarkable chance to capitalize on Price City's ongoing downtown revitalization efforts, as highlighted in the city's new general plan. The asking price is $900,000 ($61.41/sq ft). The property features one unit and is a fee simple ownership. The APN is 01-0350-0000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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