1175 Highway 40Vernal, UT 84078

Property Details for 1175 Highway 40

Lot size

1.00 AC

Property type

Grocery and convenience stores

APN

05:044:0021

APU

50440021

Description

This exceptional 4,085-square-foot commercial property, situated on one acre of land at 1175 E Hwy 40 in Vernal, Utah, presents a unique investment opportunity. Built in 1980, this single-story building is currently configured as a convenience store and fuel stop, but its flexible zoning allows for a variety of uses. The asking price is $499,000, translating to $122.15 per square foot. The property boasts a high-traffic location on East Highway 40, making it ideal for businesses seeking maximum visibility and accessibility. The entire 4,085 square feet is net rentable. Given its versatility, this property is well-suited for a range of commercial ventures, including but not limited to restaurants or commercial offices. All existing fixtures, fittings, and equipment are included in the sale. The property's location in Uintah County, Utah, zip code 84078, offers easy access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-located commercial property at an attractive price point. Consider the potential for significant return on investment in this thriving Utah community. The property is classified as Retail, Industrial, Mixed Use, and Special Purpose.

• CAP approach

  CAP return

  Valuation

  6%

  $11,767,730

  6.5%

  $10,862,520

  7%

  $10,086,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,339,054

  Geo Method

  $9,069,297

• Alternative Use

  Use

  Valuation

  Residential

  $9,162,942

  Hospitality

  $8,393,205

  Educational

  $6,983,048

  Medical

  $7,223,206

  Retail

  $10,862,520

Location Insight

City

Vernal

County

Uintah

State

Utah

Latitude

40.4524

Longitude

-109.506

CBSA code

46860

CBSA name

VERNAL, UT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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