475 Main St, Vernal, UT 84078-2509
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.
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JB'S Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.