For Sale
$2,507,244

2196 Orchard DrBountiful, UT 84010

Prime QSR/Storefront Opportunity in Bountiful, UT

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 11,537 square foot retail center, situated on a 1.42-acre lot in Bountiful, Utah, presents a compelling investment opportunity. Built in 1998 and extensively renovated in 2024, the single-story, Class B building boasts five units ideal for QSR or storefront businesses. The property benefits from a highly visible location on Orchard Drive, shadow-anchored by Dick's Market, ensuring significant foot traffic and brand recognition. Orchard Drive boasts an impressive 13,998 ADT, maximizing exposure for tenants. The property is zoned C-G (Commercial General), offering flexibility for a variety of uses. Currently generating a Net Operating Income (NOI) of $181,775, with a stabilized NOI projected at $206,775, this represents a 7.25% capitalization rate on the asking price of $2,507,244. Prominent pylon and monument signage opportunities are available, further enhancing visibility and tenant appeal. The property's price per square foot is $217.32, and the price per land square foot is $40.53. This is a rare chance to acquire a well-maintained, high-traffic retail center in a thriving Utah community. The property's strong financials and prime location make it an attractive investment for both seasoned and emerging investors.

Highlights

  • $2,507,244 purchase price.
  • $181,775 current Net Operating Income (NOI).
  • 7.25% capitalization rate.
  • $206,775 projected stabilized NOI.
  • 11,537 square foot multi-tenant retail building on a 1.42-acre lot; $217.32 per square foot building price, $40.53 per square foot land price.

Property Details for 2196 Orchard Dr

Property type
Retail properties, Retail space
Square Feet
11,537 SF
Class
B
Year Built/Renovated
1998/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
61,855 SF
Units
5

Location Insight

City
Bountiful
County
Davis
State
Utah
Latitude
40.8661165
Longitude
-111.8797709
2196 Orchard Dr, Bountiful, Utah

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2196 Orchard Dr
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