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    Salem, UT
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    Salem, UT Restaurants for Sale

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    Woodland Hills, UT Payson, UT Elk Ridge, UT
    Operating Restaurant with Drive-Thru
    $1,550,000
    4,054 SF

    Operating Restaurant with Drive-Thru

    248 W CENTER N, Salem, UT 84653

    Restaurant with drive-thru, equipment, and real estate included for sale.

    • Established and fully operational restaurant business (Stan's Drive In) including real estate, equipment, and fixtures.
    • Leased for 3 years with tenant option to purchase, providing immediate income.
    • Prime retail/restaurant location adjacent to Salem Hills High School and Highway 198.
    • Building offers both inside sit‑down dining and a convenient drive‑thru window.
    • Well‑established client base.
    Updated: Mar 16
    View details
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Salem, UT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant with Apartment For Sale
    $895,000
    0.05 Acres

    Restaurant with Apartment For Sale

    Thriving restaurant with a spacious three-bedroom apartment.

    242 N MAIN St, Spanish Fork, UT 84660
    View details
    River's Edge Shopping Center Opportunity
    $4,330,000
    7,000 SF

    River's Edge Shopping Center Opportunity

    Retail property in River's Edge near BYU.

    408 W 2230 N, Provo, UT 84604
    View details
    Historic Knight Block Building
    $3,800,000
    21,950 SF

    Historic Knight Block Building

    Historic three-story building in Provo's central business district.

    1 E Ctr St, Provo, UT
    View details
    Restaurant with Apartment For Sale
    $895,000
    0.05 Acres

    Restaurant with Apartment For Sale

    Restaurant and three-bedroom apartment with seller financing available.

    242 N MAIN ST, Spanish Fork, UT 84660
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Payson Commercial Corner Lot
    $549,900
    0.91 Acres

    Payson Commercial Corner Lot

    Prime commercial lot with high traffic count in Payson.

    450 S 100 W St, Payson, UT 84651
    View details
    Commercial Land Near I-15
    $796,625
    1.02 Acres

    Commercial Land Near I-15

    Commercial pad site with utilities, near I-15 and businesses.

    1235 W 940 S, Payson, UT 84651
    View details
    Commercial Land I-15 Exit
    $5,324,774
    7.64 Acres

    Commercial Land I-15 Exit

    Commercial land with high traffic near I-15 in Salem, UT.

    Salem, UT 84653
    View details
    Commercial Land Near I-15 Exit
    $1,566,125
    1.43 Acres

    Commercial Land Near I-15 Exit

    Commercial land with high traffic near I-15 in Salem, UT.

    Salem, UT 84653
    View details

    Off-Market Properties in Salem, UT

    Consider similar Off-Market properties in Salem, UT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    390 State Rd 198
    DRIVE-THRU RESTAURANT, FAST FOOD
    4,067 SF Lot: 0.91 Acres
    Value Estimation by Request

    390 State Rd 198, Salem, UT 84653-6200

    View details
    195 State Rd 198
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,125 SF Lot: 0.39 Acres
    Value Estimation by Request

    195 State Rd 198, Salem, UT 84653-4512

    View details
    406 870th N
    DRIVE-THRU RESTAURANT, FAST FOOD
    4,642 SF Lot: 1.06 Acres
    Value Estimation by Request

    406 870th N, Salem, UT 84653-5808

    View details

    Salem, UT Restaurants Investment Opportunities Market Analysis

    Explore 4 restaurants for sale in Salem, UT on our real estate platform. These investment opportunities span a total of 4,054 square feet of properties for sale, with an estimated market value of $1,550,000.

    Sale prices for restaurant properties in Salem, UT start at $1,550,000, averaging $1,550,000, and reaching up to $1,550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Conventional restaurants 1
    Drive through restaurants 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +26.9%
    Median Household Income $111,420
    College Educated 53.8%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    84653 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $13.38 per sq ft
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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