Property profile

301 State St Clearfield, UT 84015

OFF-MARKET
Drive through restaurants
Property ID
US86-0483063
1,830 SF 0.54 ac lot Built 1986
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,860 square foot retail space, ideally situated at 301 State Street in Clearfield, Utah, presents a fantastic opportunity for a restaurant or similar business. Located in Davis County, zip code 84015, this single-tenant property boasts excellent visibility and accessibility with 24 parking spaces available for patrons. The property benefits from a high-traffic location on State Street, averaging 19,863 vehicles daily, ensuring significant exposure to potential customers. The area is experiencing substantial growth, with numerous new apartment complexes recently constructed, creating a strong and expanding customer base. This property is classified as retail, specifically suited for restaurant use. The address is easily accessible and well-suited for high foot traffic and drive-by visibility. The building offers ample space for a variety of restaurant concepts, and the substantial parking provision ensures convenience for diners. This is a rare opportunity to establish a thriving business in a rapidly developing area with high daily traffic counts. The property is ready for immediate occupancy.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Construction WOOD
Total area 1,830 SF
Lot 0.54 ac (23,435 SF)
Zoning code C-2
APN 12-003-0077
UPID US86-0483063

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Telecommunications Service Data Center

Location

301 State St Clearfield, UT 84015-1728
Clearfield metro Census 125702 OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
1996
Price N/A
1994
Price N/A

Zoning & alternative use

C-2 · Clearfield, UT
Zoning description

The C-2 commercial zone is established to provide areas for general commercial and business activities

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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