45 State StJoseph, UT 84739

Property Details for 45 State St

Lot size

1.32 AC

Property type

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.

• 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

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