489 State St Hurricane, UT 84737-1969
This exceptional retail investment opportunity presents a 18,756 square foot shopping center ideally situated at 489 W State St, Hurricane, UT 84737. Built in 1981, the property boasts a sturdy masonry construction and sits on a sizable 1.08-acre lot. The main building comprises 12,400 square feet, complemented by substantial additions on both the east and west sides, totaling an additional 6,356 square feet. Currently, the property offers ample parking with 42 stalls. A unique aspect of this property is its potential for significant parking expansion. Should the east and west additions be removed, the site could accommodate an additional 68 parking spaces, significantly enhancing its appeal and functionality. This presents a versatile opportunity for redevelopment or continued operation as a thriving retail center. The property's location in Hurricane, Washington County, Utah, offers excellent access and visibility, making it an attractive proposition for investors seeking a strong return in a growing market. The property's size and adaptable layout provide significant potential for a variety of retail uses. This is a rare chance to acquire a well-established retail center with considerable upside potential.
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.