Property summary
This exceptional commercial property in Vernal, Utah, presents a lucrative investment opportunity, priced at $1,350,000. The 10,000 square foot building, comprised of 5,000 square feet on each of two levels, is currently fully leased, generating consistent rental income. A recent, extensive renovation (October 2019 - February 2020) encompassed a new roof, electrical system, plumbing, insulation, and modern flooring throughout. These upgrades ensure a high-quality space for tenants and attract clientele. The property benefits from significant city improvements to the adjacent parking lot, enhancing accessibility and visibility for businesses housed within. Ample street parking further complements the convenient location. Situated in a high-traffic area of Vernal, this versatile space is ideal for a variety of retail and office uses. The 0.12-acre lot provides ample space for the building and its operations. Showings are by appointment only to ensure a respectful and private viewing experience for potential buyers. Please do not disturb the tenants. This is a rare opportunity to acquire a fully renovated, income-producing commercial property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Real Estate Agency
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Property Management Company
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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