3050 Grant AveOgden, UT 84401

Property Details for 3050 Grant Ave

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

2,704 SF

Zone code

03A

Property type

Office buildings

APN

04-059-0048

APU

40590048

Description

This exceptional redevelopment opportunity presents a 2,704-square-foot industrial building situated on a 0.28-acre lot in Ogden, Utah's historic industrial sector at 3050 Grant Avenue, zip code 84401. Currently operating as a 100% occupied auto repair shop, this single-tenant Class C property offers significant potential for various uses. The building features a 52x52 shop area, a front office space, and basement storage, providing ample versatility. The property boasts a 9-foot ceiling height and 24 parking spaces, enhancing its functionality. The asking price is $449,900, translating to $166.38 per square foot. The property generates a Net Operating Income (NOI) of $13,200. The building is served by a 100-amp electrical service. Zoned CP3 (Regional Commercial), the property allows for a range of uses, detailed in Ogden City's zoning code (available online). Seller financing with a substantial down payment is available. Note that all personal property is excluded from the sale. This distressed property presents a unique chance to acquire a well-located industrial asset with substantial upside potential for redevelopment or continued operation. The property is located in Weber County, Utah. This is an owner-occupied property.

• CAP approach

  CAP return

  Valuation

  6%

  $714,270

  6.5%

  $659,326

  7%

  $612,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $541,746

  Geo Method

  $541,746

• Alternative Use

  Use

  Valuation

  Residential

  $817,565

  Hospitality

  $748,885

  Educational

  $623,063

  Medical

  $644,492

  Retail

  $969,210

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.2089

Longitude

-111.973

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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