Valuable investment-grade retail property, well-maintained by current owner, fully-leased with 7 tenants. Hard to find investment property. Pylon sign in front. Corner lot. High traffic volume and close to numerous commercial shops including Layton Hills Mall. Cap Rate of 6% at offering price (based on 2023 income/expense actuals). Cap Rate of 6.96% at offering price on 2024 income (based on rent roll/leases) and estimated expenses (based on average of past 5 years). Please contact AGENT with questions, requests for financials, and requests to view the property. Prospective buyers must submit proof of funds (and preapproval letter if obtaining a loan for purchase) before a full tour (interior and exterior) of the property will be allowed and scheduled. Interested parties may view the exterior (only) of the property without appointment - PLEASE DO NOT DISTURB TENANTS.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $2,000,000 | $180 | Engel & Völkers Park City |
High School Paramount Reflections (Yic) | 0.6 miles away | 10 - 12 | |
Elementary School Lincoln School | 0.8 miles away | PK - 06 | |
Junior High School North Layton Junior High | 0.9 miles away | 07 - 09 |