1022 Main StBlanding, UT 84511
- Other commercial real estate
- 3,519 SF
Property Details for 1022 Main St
- Year built
- 2022
- Lot size
- 0.92 AC
- Property size (Sq ft)
- 3,519 SF
- Property type
- Other commercial real estate
- APN
- B36220347209
- APU
- B36220347209
Description
Exceptional investment opportunity in Blanding, Utah, featuring a thriving car wash and laundromat. This dual-income property boasts a combined 84,071 square feet on a 1.93-acre lot, strategically located on South Main Street for optimal visibility and accessibility. Built in 2022, the two buildings comprise a well-established laundromat with a 4.6-star rating, demonstrating strong customer satisfaction and a stable revenue stream. The accompanying car wash features seven self-serve bays and a touchless automatic system, providing a comprehensive and convenient car cleaning experience. The combined businesses offer diversified income streams, mitigating risk and maximizing profitability. The property's 14.80% cap rate and $1,782,004 asking price present a compelling return on investment. This owner-user opportunity is ideal for an entrepreneur seeking a turnkey operation with significant growth potential in a high-traffic location. The property addresses are 1022 S Main St and 988 S Main St, Blanding, UT 84511, within San Juan County. This retail and special purpose property offers a unique blend of established business and modern amenities, making it a truly exceptional investment prospect.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $645,727
- Hospitality
- $591,482
- Educational
- $492,106
- Medical
- $509,030
- Retail
- $765,498
Location Insight
- City
- Blanding
- County
- San Juan
- State
- Utah
- Latitude
- 37.611
- Longitude
- -109.48
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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