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    OFF-MARKET
    Drive through restaurants

    475 Main St, Vernal, UT 84078-2509

    Entity Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US86-1155468
    Property summary
    AI-generated overview

    This exceptional restaurant property presents a lucrative investment opportunity in Vernal, Utah. Located at 475 W Main St, this 3,770 square foot establishment sits on a 0.84-acre lot (APN: 05 027 0083 & 0084) and is zoned CC1 (Central Commercial Zone). Built in 1977 and renovated in 1993, the property boasts excellent visibility and accessibility, situated at a signalized intersection on Main Street, a high-traffic thoroughfare with over 25,000 vehicles daily. Ample parking is available with approximately 54 spaces. The property is currently 100% occupied as a restaurant, but can be delivered vacant upon request. The asking price is $1,200,000, translating to $318.30 per square foot. This prime location benefits from proximity to major retailers such as Davis Food & Drug, Basin Sports, Ace Hardware, and Family Dollar, and is less than half a mile from Ashley Regional Medical Center. This turnkey operation offers significant potential for immediate income generation or redevelopment within a thriving commercial district. The property's strong location and high visibility make it an ideal investment for both experienced restaurateurs and savvy real estate investors.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    APN 05:027:0083
    UPID US86-1155468
    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
    Current use
    Occupant on record · Public records
    • JB'S Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sbi Leasing INC · 17 yrs held
    Sbi Leasing INC
    since 2009
    1 recorded transaction
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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