4070 Midland DrRoy, UT 84067

Property Details for 4070 Midland Dr

Year built

2011

Construction

WOOD FRAME

Lot size

1.17 AC

Property size (Sq ft)

4,690 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

08-511-0013

APU

85110013

Description

This exceptional 2.64-acre commercial land parcel in Roy, Utah, presents a unique investment opportunity. Located at 4070 S Midland Dr, 84067, this property boasts a highly desirable location adjacent to established national retail tenants, ensuring high visibility and foot traffic. The land is zoned for retail and office development, offering flexibility for a variety of commercial projects. With a total square footage of 114,998 and an asking price of $1,494,974 ($13 per square foot), this property offers significant potential for return on investment. The site is conveniently accessible via three points of entry, enhancing functionality and ease of development. Furthermore, the property is divisible, with the option to purchase the northern 1.33-acre parcel for $579,348 or the southern 1.31-acre parcel for $570,636. The mixed-use zoning (Commercial-Residential) allows for diverse development possibilities, catering to a wide range of commercial and potential residential needs. This prime location in Weber County, Utah, offers unparalleled access to a thriving community and robust infrastructure, making it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly sought-after commercial land parcel in a rapidly growing area. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,821,154

  6.5%

  $1,681,066

  7%

  $1,560,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,367,896

  Geo Method

  $2,367,896

• Alternative Use

  Use

  Valuation

  Residential

  $1,418,042

  Hospitality

  $1,298,919

  Educational

  $1,080,685

  Medical

  $1,117,852

  Retail

  $1,681,066

Location Insight

City

Roy

County

Weber

State

Utah

Latitude

41.1892

Longitude

-112.049

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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