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    73 W Main St

    Vernal, UT 84078
    • $150,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 1718728
    UPDATED: 52 min ago
    $150,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:

    School Ratings & Info

    Description

    This property is unique in that it can be divided into 2 units or can be one unit. The most recent use was a gift shop. A new roof was just put on the building last year. We also had some electrical, dry wall and refreshing work done on it. We are looking to lease it or sell it. It appraised for $170,000 prior to the roof and other repairs that were done to improve it. We are asking only $5.5 per sqft NNN as annual rent. That is only $838/month for the bigger unit (~1829 sqft) and another $596 for the smaller sized unit (~1300 sqft). That puts the Proforma CAP rate at ~ 11.5%. The price is far below appraisal and the asking rent is very agressively affordable.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-02-27T18:36:56.203. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.findutahhomesnow.com/homes/113041927
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    73 W Main St Vernal, UT 84078

    • Price: $150,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 1718728
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1959
    Built
    Neighborhood:
    Vernal City Plat A
    County:
    Uintah
    Area:
    Vernal; Naples; Jensen
    Property Description
    This property is unique in that it can be divided into 2 units or can be one unit. The most recent use was a gift shop. A new roof was just put on the building last year. We also had some electrical, dry wall and refreshing work done on it. We are looking to lease it or sell it. It appraised for $170,000 prior to the roof and other repairs that were done to improve it. We are asking only $5.5 per sqft NNN as annual rent. That is only $838/month for the bigger unit (~1829 sqft) and another $596 for the smaller sized unit (~1300 sqft). That puts the Proforma CAP rate at ~ 11.5%. The price is far below appraisal and the asking rent is very agressively affordable.
    Exterior Features

    Attached Garage YN No Carport Spaces 0 Carport YN No Construction Status Blt./Standing Covered Spaces 0 Frontage Length 0.0 Garage YN No Horse Property YN No Lot Size Dimensions 0.0X0.0X0.0 Mobile Length 0 Mobile Width 0 Open Parking Spaces 0 Open Parking YN No Parking Total 0 Pool Private YN No Spa YN No View YN No Waterfront YN No

    Interior Features

    Above Grade Finished Area 0 Basement Finished Percentage 0 Bathrooms One Quarter 0 Bathrooms Partial 0 Building Area Total 0 Cooling YN No Fireplace YN No Fireplaces Total 0 Heating YN False Main Level Bedrooms 0 Rooms Total 0

    Property Features

    Association Fee 0 Association YN No Capitalization Rate 0 Current Use Retail Irrigation Water Rights Acres 0 Lease Amount 5.5 Lease Considered YN No New Construction YN No Number Of Pads 0 Number Of Units Leased 0 Power Production Solar Year Install 0 Property Attached YN No Property Condition Blt./Standing Property Sub Type Retail Senior Community YN No Tax Annual Amount 1857

    Listing provided courtesy of Equity Real Estate - Premier Elite Branch. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2021 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-02-27T18:36:56.203. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
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