3651 Wall AveOgden, UT 84405

Property Details for 3651 Wall Ave

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.90 AC

Property size (Sq ft)

127,592 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

05-139-0104

APU

51390104

Description

Newgate Mall, located at 3651 Wall Ave in Ogden, Utah (zip code 84405), presents a significant retail investment opportunity in Weber County. This established shopping center boasts a total building area of 909,761 square feet and currently features 16 suites. A substantial 493,218 square feet of space is currently vacant, offering considerable potential for new tenants. The minimum divisible space is 863 square feet, while the maximum contiguous space available is 3,456 square feet. This flexibility caters to a wide range of retail businesses, from smaller boutiques to larger anchor stores. The property's prime location off Wall Avenue and 36th Street in Ogden ensures high visibility and accessibility for customers. The existing tenant mix includes a variety of retail establishments, restaurants, and a Cinemark movie theater, creating a vibrant and well-established shopping destination. This presents a unique chance to acquire a substantial retail property in a thriving Utah market with significant upside potential through lease-up of the vacant space. The property's size and location make it an ideal investment for those seeking to expand their retail portfolio or capitalize on the growing Ogden market. The existing infrastructure and established customer base provide a solid foundation for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $49,544,736

  6.5%

  $45,733,600

  7%

  $42,466,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,418,904

  Geo Method

  $64,418,904

• Alternative Use

  Use

  Valuation

  Residential

  $38,578,004

  Hospitality

  $35,337,244

  Educational

  $29,400,172

  Medical

  $30,411,290

  Retail

  $45,733,600

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.1956

Longitude

-111.981

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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