716 80Ephraim, UT 84627

Property Details for 716 80

Property size (Sq ft)

9,431 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a 9,431 square foot fully leased flex space in Ephraim, Utah, located at 716 North 80 East, 84627. The property boasts a strong current NOI of $110,000, projected to increase to $180,000. The asking price is $2,150,000, translating to $227.97 per square foot. This multi-tenant property benefits from a modified lease structure. Adding significant value, plans are approved and entitled for an additional 7,194 square feet of development. The property's prime location in Ephraim, Utah, places it near established businesses such as Walmart, Arby's, Utah State Liquor Store, Tractor Supply, Tagg-N-Go, and Mountain America, indicating a thriving commercial environment. The existing building's full occupancy demonstrates strong market demand. The potential for expansion offers investors a unique opportunity to capitalize on the growth trajectory of Ephraim and the surrounding area, providing flexibility to meet evolving market needs. This property represents a compelling investment with substantial upside potential due to the approved expansion and strong existing tenant base. The property is situated in Sanpete County.

Location Insight

City

Ephraim

County

Sanpete

State

Utah

Latitude

39.3728

Longitude

-111.585

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