45 State StJoseph, UT 84739

  • Retail properties
  • 1.32 AC
For Sale
$800,000 View listing

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
45 State St, Joseph, Utah

Location Insight

City
Joseph
County
Sevier
State
Utah
Latitude
38.6237
Longitude
-112.218

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
$2,125
$32,446
$202,432
$234,878
-
$32,446
$202,432
$234,878

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