2577 Highway 162Eden, UT 84310

Property Details for 2577 Highway 162

Year built

1989

Lot size

0.76 AC

Property size (Sq ft)

2,277 SF

Property type

Specialty properties

Property subtype

Government properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,277 square foot retail building currently leased to the United States Postal Service (USPS) in Eden, Utah. Located at 2577 N Hwy 162, this property boasts a 100% occupancy rate with a lease expiring June 30, 2029. The asking price is $895,000, representing a 3.97% cap rate and a price per square foot of $393.06. The property sits on a 0.76-acre lot and includes 34 parking spaces. Built in 1989, the building is zoned for general commercial use and offers a net lease structure with limited landlord responsibilities, primarily encompassing roof and structural maintenance. This makes it an ideal low-management investment. The property benefits from a high-traffic location along State Highway 162, averaging 5,300 vehicles per day, and enjoys proximity to Powder Mountain Ski Resort, attracting over one million skiers annually. The strong demographics of the 5-mile trade area, featuring over 6,000 residents, 1,000 employees, and an average household income exceeding $156,621, further enhance the investment potential. The property's APN is 22-046-0068. The current NOI is $35,500. While the current tenant is USPS, the zoning allows for potential alternative uses, such as a quick-service restaurant.

Location Insight

City

Eden

County

Weber

State

Utah

Latitude

41.3054

Longitude

-111.828

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].