1550 State StHurricane, UT 84737

Property Details for 1550 State St

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.67 AC

Property size (Sq ft)

4,000 SF

Property type

Other commercial real estate

APN

H-3-1-33-24401

APU

H313324401

Description

This exceptional investment opportunity presents a 4,000 square foot retail property situated on a 1.67-acre lot in Hurricane, Utah. Boasting over 330 feet of high-visibility SR-9 frontage, this property offers significant potential. Previously operating as a drive-in restaurant (with a grease trap still in place), it's currently utilized as a car lot, but conversion back to a drive-thru is possible. The property generates a strong monthly net operating income of approximately $18,500, translating to an attractive 8.50% cap rate. The asking price is $2,700,000, or $675 per square foot. Built in 1981, the property includes a large canopy exceeding 3,000 square feet, two auto bays, two additional outbuildings, and a spacious yard. Adding to its income stream are four vacation rentals on-site, boasting an impressive average VRBO guest rating above 4.8. The seller is highly motivated and welcomes all offers. This unique combination of commercial and residential income streams makes this a compelling investment prospect in a rapidly growing area. The property is located at 1550 W State St, Hurricane, UT 84737.

• Alternative Use

  Use

  Valuation

  Residential

  $1,226,759

  Hospitality

  $1,123,704

  Educational

  $934,909

  Medical

  $967,062

  Retail

  $1,454,303

Location Insight

City

Hurricane

County

Washington

State

Utah

Latitude

37.1769

Longitude

-113.317

CBSA code

41100

CBSA name

ST. GEORGE, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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