1430 Gibson AveOgden, UT 84404

Property Details for 1430 Gibson Ave

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.35 AC

Property size (Sq ft)

11,050 SF

Zone code

03A

Property type

Retail properties

Property subtype

Auto shops

APN

12-125-0026

APU

121250026

Description

This exceptional commercial property, situated on a substantial 2.35-acre lot near I-15 in Ogden, Utah, presents a unique investment opportunity. Currently operating as a successful auto service, repair, and towing business, the property boasts a diverse range of functional buildings ideal for various commercial endeavors. The site includes spacious workshops with high ceilings, perfect for manufacturing, automotive work, or creative projects. Multiple storage bays equipped with large garage doors provide ample space for equipment and inventory. Well-organized office spaces, including a reception area, offer comfortable administrative areas. Ample parking is available on-site, along with additional open space suitable for expansion or outdoor storage. The property's strategic location offers easy access to I-15, enhancing its appeal to businesses seeking convenient transportation links. This ready-to-use facility presents a compelling opportunity for entrepreneurs and established businesses alike to capitalize on its versatility and prime location. The asking price is $1,700,000. The property's functionality and location combine to create a strong foundation for future growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $4,290,751

  6.5%

  $3,960,693

  7%

  $3,677,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,578,946

  Geo Method

  $5,578,946

• Alternative Use

  Use

  Valuation

  Residential

  $3,340,993

  Hospitality

  $3,060,332

  Educational

  $2,546,160

  Medical

  $2,633,726

  Retail

  $3,960,693

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.2407

Longitude

-111.983

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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