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    Salem, UT
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    Salem, UT Restaurants for Sale

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    Elk Ridge, UT Payson, UT Spanish Fork, UT Woodland Hills, UT Santaquin, UT Palmyra, UT Benjamin, UT Mapleton, UT
    Operating Restaurant with Drive-Thru
    Updated: Jun 14, 2022
    Operating Restaurant with Drive-Thru

    248 W CENTER N, Salem, UT 84653

    $1,550,000
    4,054 sqft 0.69 AC lot
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, 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.

    Turn-Key Restaurant with Commercial Kitchen
    Turn-Key Restaurant with Commercial Kitchen

    1200-456 E State Rd, American Fork, UT 84003

    $130,000
    2,700 sqft

    Restaurant space includes approximately 2,700 SF and a large commercial kitchen with double hoods and walk-in cooler.

    View details
    Saratoga Springs Retail Space Available
    Saratoga Springs Retail Space Available

    261 Crossroads Blvd, Saratoga Springs, UT

    $4,546,000
    1,565 sqft 10.18 AC lot

    Retail spaces available in a rapidly growing Utah city.

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    Commercial Land Parcel with Frontage
    Commercial Land Parcel with Frontage

    217 West Main Street, American Fork, UT 84003

    $295,000
    8,276 sqft 0.19 AC lot

    Commercially zoned lot with frontage and nearby utilities, suited for retail, office, or limited light auto services.

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    Retail Pads Available For Sale
    Retail Pads Available For Sale

    227 Lariat Blvd, Saratoga Springs, UT

    $45,500
    3,500 sqft 135.53 AC lot

    Retail pads available with drive-thru opportunities and great visibility.

    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
    Payson Commercial Corner Lot

    450 S 100 W St, Payson, UT 84651

    $549,900
    0.91 AC lot

    Prime commercial lot with high traffic count in Payson.

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    Commercial Land Near I-15
    Commercial Land Near I-15

    1235 W 940 S, Payson, UT 84651

    $796,625
    1.02 AC lot

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

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    Commercial Land I-15 Exit
    Commercial Land I-15 Exit

    Salem, UT 84653

    $5,324,774
    7.64 AC lot

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

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    Prime Commercial Land I-15 Exit
    Prime Commercial Land I-15 Exit

    Salem, UT 84653

    $1,314,860
    1.50 AC lot

    1.5 acres available off I-15 in Salem, Utah.

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    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

    Value Estimation by Request
    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

    Value Estimation by Request
    2,125 sqft 0.39 AC lot
    View details
    406 870th N
    DRIVE-THRU RESTAURANT, FAST FOOD

    406 870th N, Salem, UT 84653-5808

    Value Estimation by Request
    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 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

    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)

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