1385 500Bountiful, UT 84010

  • Retail properties
  • 9,392 SF
For Lease

Property Details for 1385 500

Year built
1970
Construction
WOOD
Lot size
1.91 AC
Property size (Sq ft)
9,392 SF
Zone code
C-H
Property type
Retail properties
Property subtype
Drive through restaurants
APN
03-038-0006
APU
30380006

Description

This exceptional commercial property in Bountiful, Utah offers a unique investment opportunity. Located at 1385 S 500 W, Woods Cross, UT 84010, this development boasts a total of 14,000 square feet of professional office space within a larger complex. The main two-story office building comprises 7,000 square feet per floor, providing ample space for various business needs. In addition, there are two separate buildings featuring 19 flexible condo units, ranging from 1,186 to 1,703 square feet each. Multiple units are available for purchase, making this ideal for both individual businesses and larger organizations seeking expansion. The property enjoys high visibility on US-89, a major thoroughfare with a daily traffic volume of 21,500 vehicles. Its strategic location within the Salt Lake City MSA also provides easy access to I-15, a high-traffic interstate with 198,000 vehicles passing daily. This prime location offers excellent accessibility and exposure for any business. The property is currently accepting reservations and deposits. Detailed pricing is available upon request. This is a rare chance to acquire a versatile and well-situated commercial property in a thriving Utah market. The property is located in Davis County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,647,162
    6.5%
    $3,366,612
    7%
    $3,126,139
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,741,852
    Geo Method
    $4,741,852
  • Alternative Use

    Use
    Valuation
    Residential
    $2,839,863
    Hospitality
    $2,601,299
    Educational
    $2,164,250
    Medical
    $2,238,682
    Retail
    $3,366,612
1385 500, Bountiful, Utah

Location Insight

City
Bountiful
County
Davis
State
Utah
Latitude
40.8763
Longitude
-111.891
CBSA code
36260
CBSA name
OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,069
$642,796
$386,943
$1,029,739
-
$1,168,720
$703,534
$1,872,254

FAQs

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