45 State StJoseph, UT 84739
- Retail properties
- 1.32 AC
Property Details for 45 State St
- Lot size
- 1.32 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 2-J9-34
- APU
- 2J934
Description
This exceptional 3.2-acre property in Joseph, UT, presents a unique investment opportunity. The offering includes a thriving gas station and convenience store, a 22-stall RV park complete with laundry facilities and bathrooms/showers, and a separate cabin. The gas station boasts a popular breakfast and lunch counter, attracting a significant daily customer base. Recent upgrades include newer self-serve gas pumps and canopy lights. The RV park features a newer pavilion ideal for gatherings and events. This property benefits from its strategic location, being the first gas station for 45 miles south of I-70, off I-15. Its proximity to popular outdoor recreation areas like the Paiute ATV trail, Fish Lake, Otter Creek, and nearby hot springs ensures a steady stream of tourists and outdoor enthusiasts. The convenience of being close to Richfield for additional amenities further enhances its appeal. The property consists of two parcels sold together, providing ample space for expansion or future development. Note that certain items, including a wood-burning stove, pavilion, refrigerators, freezers, pictures, frames, and ring doorbells are excluded from the sale. The camera system remains with the property. This turnkey business presents a rare chance to acquire a well-established and profitable enterprise in a highly desirable location. The asking price is $725,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $22,647,340
- 6.5%
- $20,905,236
- 7%
- $19,412,006
-
Comparable approach
- Method
- Valuation
- Relative Method
- $29,030,210
- Geo Method
- $29,030,210
-
Alternative Use
- Use
- Valuation
- Residential
- $17,634,350
- Hospitality
- $16,152,969
- Educational
- $13,439,081
- Medical
- $13,901,271
- Retail
- $20,905,236
Location Insight
- City
- Joseph
- County
- Sevier
- State
- Utah
- Latitude
- 38.6237
- Longitude
- -112.218
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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