489 State StHurricane, UT 84737

  • Commercial real estate
  • 18,756 SF

Property Details for 489 State St

Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.08 AC
Property size (Sq ft)
18,756 SF
Property type
Commercial real estate
APN
H-260
APU
H260

Description

This exceptional retail investment opportunity presents a 18,756 square foot shopping center ideally situated at 489 W State St, Hurricane, UT 84737. Built in 1981, the property boasts a sturdy masonry construction and sits on a sizable 1.08-acre lot. The main building comprises 12,400 square feet, complemented by substantial additions on both the east and west sides, totaling an additional 6,356 square feet. Currently, the property offers ample parking with 42 stalls. A unique aspect of this property is its potential for significant parking expansion. Should the east and west additions be removed, the site could accommodate an additional 68 parking spaces, significantly enhancing its appeal and functionality. This presents a versatile opportunity for redevelopment or continued operation as a thriving retail center. The property's location in Hurricane, Washington County, Utah, offers excellent access and visibility, making it an attractive proposition for investors seeking a strong return in a growing market. The property's size and adaptable layout provide significant potential for a variety of retail uses. This is a rare chance to acquire a well-established retail center with considerable upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,752,272
    Hospitality
    $5,269,050
    Educational
    $4,383,788
    Medical
    $4,534,552
    Retail
    $6,819,225

Location Insight

City
Hurricane
County
Washington
State
Utah
Latitude
37.1762
Longitude
-113.297
CBSA code
41100
CBSA name
ST. GEORGE, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,614
-
-
$1,557,900
-
$565,200
$992,700
$1,557,900

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