3050 Grant Ave Ogden, UT 84401-3736
- Office buildings
- 2,704 SF
- 0.28 lot acres
Current Use by Public Records
- Mountain Peak Auto Body LLC / Auto Body Shop
Property Details for 3050 Grant Ave
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.28 lot acres
- Property size
- 2,704 SF
- Zone code
- 03A
- Property type
- Office buildings
- APN
- 04-059-0048
- APU
- 40590048
Description
This exceptional redevelopment opportunity presents a 2,704-square-foot industrial building situated on a 0.28-acre lot in Ogden, Utah's historic industrial sector at 3050 Grant Avenue, zip code 84401. Currently operating as a 100% occupied auto repair shop, this single-tenant Class C property offers significant potential for various uses. The building features a 52x52 shop area, a front office space, and basement storage, providing ample versatility. The property boasts a 9-foot ceiling height and 24 parking spaces, enhancing its functionality. The asking price is $449,900, translating to $166.38 per square foot. The property generates a Net Operating Income (NOI) of $13,200. The building is served by a 100-amp electrical service. Zoned CP3 (Regional Commercial), the property allows for a range of uses, detailed in Ogden City's zoning code (available online). Seller financing with a substantial down payment is available. Note that all personal property is excluded from the sale. This distressed property presents a unique chance to acquire a well-located industrial asset with substantial upside potential for redevelopment or continued operation. The property is located in Weber County, Utah. This is an owner-occupied property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $455,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $430,000
- Mixed-Use
- $380,000
- Hospitality
- $430,000
- Educational
- $410,000
- Residential Income
- $415,000
- Energy
- $470,000
- Income-Based Land
- $375,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.973
- Latitude
- 41.2089
- CBSA code
- 36260
- CBSA name
- OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA