155 31St StOgden, UT 84401

Property Details for 155 31St St

Year built

1942

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.56 AC

Property size (Sq ft)

24,396 SF

Zone code

02B

Property type

Office buildings

APN

04-062-0004

APU

40620004

Description

This exceptional 1.56-acre commercial property in Ogden, Utah presents a compelling investment opportunity. The fully tenant-occupied building, extensively renovated in 2019, offers 24,116 square feet of versatile space. The flexible layout includes expansive open areas, multiple private offices, conference rooms, a lounge, a game room, and a communications room. An attractive outdoor patio enhances the property's appeal. The building also features a climate-controlled warehouse equipped with 3-phase power and a 10' x 10' dock-high overhead door. Additional storage is provided by a 364 square foot garage with an 8' x 10' dock-high overhead door. Located near the intersection of 31st Street and Wall Avenue, the property boasts ample off-street parking for staff and clients. Its convenient location in the vibrant downtown Ogden area offers easy access to major transportation routes. The property is ADA compliant and Ogden City HUBZone certified. Detailed financial information, including the current rent roll and lease terms, is available upon execution of a non-disclosure agreement. This property represents a rare chance to acquire a high-performing, well-maintained commercial asset in a thriving urban setting. The combination of its size, features, and location makes it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $6,444,322

  6.5%

  $5,948,604

  7%

  $5,523,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,887,738

  Geo Method

  $4,887,738

• Alternative Use

  Use

  Valuation

  Residential

  $7,376,270

  Hospitality

  $6,756,623

  Educational

  $5,621,431

  Medical

  $5,814,761

  Retail

  $8,744,448

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.2076

Longitude

-111.978

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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