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

Retail properties

Property subtype

Post offices

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

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