For Sale
$4,149,000

88 Bear BlvdGarden City, UT 84028

Prime Garden City location, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Garden City, UT investment opportunity features a 14,500 square foot, two-story Class B mixed-use building situated on Bear Lake Boulevard. The property boasts a 4.00% cap rate and is currently 100% occupied, generating immediate income. Seven units are included: a well-established restaurant, two retail spaces (a candy store and a surf shop), and two office spaces, along with three residential condo units ideal for long-term rentals or short-term vacation stays. Built in 2017, this turn-key property offers a gross lease structure with a remaining term of four years. The asking price is $4,149,000, translating to $286.14 per square foot. Its prime location ensures high visibility and consistent foot traffic, making it an attractive investment for those seeking strong returns and long-term growth potential. The property's diverse tenant mix provides stability and diversification of income streams. This is a rare opportunity to acquire a well-established, high-performing mixed-use property in a desirable location.

Highlights

  • 14,500 SF Class B mixed-use building on Bear Lake Boulevard in Garden City, UT.
  • 4.00% cap rate, 100% occupied, generating immediate income.
  • Seven units: restaurant, two retail spaces, two office spaces, and three residential condo units.
  • Built in 2017, gross lease structure with four years remaining.
  • Asking price: $4,149,000 ($286.14/SF).

Property Details for 88 Bear Blvd

Property type
Retail properties, Restaurants
Square Feet
14,500 SF
Class
B
Year Built
2017
Stories
2
Units
7

Location Insight

City
Garden City
County
Rich
State
Utah
Latitude
41.945073493377
Longitude
-111.39346960021
88 Bear Blvd, Garden City, Utah

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88 Bear Blvd
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