For Sale
$2,700,000

1550 State StHurricane, UT 84737

High-yield auto shop with vacation rentals.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 4,000 square foot retail property situated on a 1.67-acre lot in Hurricane, Utah. Boasting over 330 feet of high-visibility SR-9 frontage, this property offers significant potential. Previously operating as a drive-in restaurant (with a grease trap still in place), it's currently utilized as a car lot, but conversion back to a drive-thru is possible. The property generates a strong monthly net operating income of approximately $18,500, translating to an attractive 8.50% cap rate. The asking price is $2,700,000, or $675 per square foot. Built in 1981, the property includes a large canopy exceeding 3,000 square feet, two auto bays, two additional outbuildings, and a spacious yard. Adding to its income stream are four vacation rentals on-site, boasting an impressive average VRBO guest rating above 4.8. The seller is highly motivated and welcomes all offers. This unique combination of commercial and residential income streams makes this a compelling investment prospect in a rapidly growing area. The property is located at 1550 W State St, Hurricane, UT 84737.

Highlights

  • High-visibility location with over 330 feet of SR-9 frontage and a 3,000+ sq ft canopy.
  • Former drive-in restaurant, currently used as a car lot; potential for drive-thru conversion; grease trap in place.
  • Strong NOI of approximately $18,500 per month.
  • Features four vacation rentals (4.8+ VRBO rating), two auto bays, two outbuildings, and ample yard space.
  • Highly motivated seller; all offers considered.

Property Details for 1550 State St

Property type
Retail properties, Auto shops
Square Feet
4,000 SF
Year Built
1981
Lot Size (sq. ft)
72,745 SF

Location Insight

City
Hurricane
County
Washington
State
Utah
Latitude
37.1767854
Longitude
-113.3173313
1550 State St, Hurricane, Utah

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1550 State St
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