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    Salem, UT
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    Salem, UT Restaurants for Sale

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    Spanish Fork, UT Woodland Hills, UT Payson, UT Elk Ridge, UT Santaquin, UT Benjamin, UT Mapleton, UT Springville, UT
    Drive-Through Restaurant with Dining
    Updated: Jun 13, 2022
    Drive-Through Restaurant with Dining

    248 W Center St, Salem, UT 84653

    $1,550,000
    4,054 sqft
    Fully operational restaurant and retail/restaurant business with inside sit‑down dining and a drive‑thru window
    4,054 SF building (courtesy estimate from Utah County Records; buyer to verify)
    Leased for 3 years, with tenant option to purchase
    Purchase price includes the real estate and equipment/fixtures
    Well‑established client base
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Drive-Through Restaurant with Dine-In
    Drive-Through Restaurant with Dine-In

    115 S Main, Spanish Fork, UT 84660

    $5,100,000

    Operating food-service property includes indoor seating, production kitchen, parking, and dedicated pickup spaces.

    View details
    Tous les Jours Coffee Shop
    Tous les Jours Coffee Shop

    380 E UNIVERSITY PKWY, Orem, UT 84058

    $300,000

    French-Asian bakery café with espresso, smoothies, pastries, custom cakes, and catering operations.

    View details
    Restaurant with Outdoor Seating
    Restaurant with Outdoor Seating

    2000 N 300 W, Spanish Fork, UT 84660

    Contact for pricing

    Existing kitchen infrastructure includes a walk-in refrigerator, grease trap, and hood systems.

    View details
    Freestanding Restaurant Building
    Freestanding Restaurant Building

    2005 S State St, Orem, UT 84097

    Contact for pricing

    Freestanding restaurant building with a large kitchen and established Chinese and American dining service.

    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.

    Commercial Corner Lot
    Commercial Corner Lot

    450 S 100 W St, Payson, UT 84651

    $549,900
    0.91 AC lot

    Commercially zoned corner parcel with sewer, water, and natural gas availability nearby.

    View details
    Improved Commercial Pad Site
    Improved Commercial Pad Site

    1235 W 940 S, Payson, UT 84651

    $796,625
    1.02 AC lot

    Commercially zoned pad with utilities stubbed and permitting readiness for new construction.

    View details
    Commercial Land with Parkway Frontage
    Commercial Land with Parkway Frontage

    Salem, UT 84653

    $1,442,707
    1.84 AC lot

    Commercial zoning supports retail and other commercial uses within the New Salem master plan.

    View details
    Commercial Land with Parkway Frontage
    Commercial Land with Parkway Frontage

    Salem, UT 84653

    $1,176,120
    1.50 AC lot

    Commercial land with planned road access, public sewer, and natural gas availability near the I-15 Benjamin Exit.

    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

    390 State Rd 198, Salem, UT 84653-6200

    $550,000
    Estimated value
    4,067 sqft 0.91 AC lot
    View details
    195 State Rd 198
    DRIVE-THRU RESTAURANT, FAST FOOD

    195 State Rd 198, Salem, UT 84653-4512

    $460,000
    Estimated value
    2,125 sqft 0.39 AC lot
    View details
    406 870th N
    DRIVE-THRU RESTAURANT, FAST FOOD

    406 870th N, Salem, UT 84653-5808

    $600,000
    Estimated value
    4,642 sqft 1.06 AC lot
    View details

    Salem, UT Restaurants Market Trends and Statistics

    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 average $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

    Commercial property segments ranked by active listings on the market

    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 average 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 SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Utah County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Utah County

    Residential Income

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