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    FOR SALE
    Hotels

    380 E 1620 S, Salina, UT 84654

    1.5 ac lot
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US86-1101783
    Property summary
    AI-generated overview

    This 4,374 sq ft former Denny's restaurant in Salina, Utah, presents a unique investment opportunity. Located on a 1.5-acre paved lot at 380 E 1620 S, 84654, this property boasts excellent visibility and high traffic counts due to its proximity to I-70 and Hwy 89. The site includes nearly 100 parking spaces and adjacent semi-truck parking, a significant advantage for various commercial uses. Neighboring businesses include a Super 8 motel, Phillips 66, and Maverick gas stations, ensuring consistent foot traffic and brand recognition. The building itself features a fully equipped kitchen with all equipment included, adding considerable value to the purchase. Two large (8'x15') walk-in freezer/coolers are also included. The spacious foyer/waiting area and ample restaurant seating provide a solid foundation for a variety of food service or retail concepts. The asking price is $899,000. The property is vacant and ready for immediate occupancy. This is a single-story building on a 1.5-acre lot. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Lot 1.5 ac (65,340 SF)
    APN 1-S5-23
    UPID US86-1101783
    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
    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
    Karen Avanesyan · 4 yrs held
    Karen Avanesyan
    since 2022
    3 recorded transactions
    2022
    2010
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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