For Sale
$2,499,369

270 Logan RdGarden City, UT 84028

High-Income Go-Kart Track in Utah

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property, located at 270 W Logan Rd, Garden City, UT 84028, presents a lucrative investment opportunity. The 1.59-acre lot boasts a prime corner location in a high-growth area of Garden City, offering excellent visibility and accessibility. Currently operating as a successful go-kart business, the property is zoned C2 and generates a substantial net operating income (NOI) of $300,000, resulting in a compelling 12% capitalization rate. The asking price is $2,499,369. The business has demonstrated consistent year-over-year growth, reflecting the increasing popularity of the area and the limited availability of commercial properties. The spacious lot provides potential for future expansion and the addition of ancillary businesses. This turnkey operation offers a rare chance to acquire a thriving enterprise in a desirable location with significant upside potential. The property's strategic position at the entrance to Garden City ensures high traffic volume and visibility, maximizing its earning capacity. This is an ideal investment for an owner-user seeking a profitable and established business with room for future development. The property's strong financial performance and prime location make it a truly exceptional investment opportunity.

Highlights

  • High-visibility corner lot in a prime location.
  • Located in a rapidly growing area with strong commercial potential.
  • Limited commercial land availability creates high demand.
  • Experiencing consistent year-over-year business growth.
  • Significant undeveloped land allows for future expansion.

Property Details for 270 Logan Rd

Property type
Specialty properties, Mixed-use properties
Lot Size (sq. ft)
69,260 SF

Location Insight

City
Garden City
County
Rich
State
Utah
Latitude
41.946681122126
Longitude
-111.39980884758
270 Logan Rd, Garden City, Utah

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270 Logan Rd
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