280 Main StMonroe, UT 84754

Property Details for 280 Main St

Year built

1978

Lot size

0.50 AC

Property size (Sq ft)

763 SF

Property type

Commercial real estate

APN

1-M23-27

APU

1M2327

Description

This exceptional retail opportunity in Monroe, UT, presents a thriving gas station ideally situated on Main Street, ensuring high visibility and convenient access. The property encompasses a half-acre lot and includes a fully operational gas station with fuel pumps and an above-ground gas tank. A significant advantage is the inclusion of a well-equipped store kitchen, allowing for the sale of hot food items. Ample refrigeration is provided with numerous coolers and freezers. Customer convenience is further enhanced by the presence of public restrooms. A unique feature is a self-contained one-bedroom apartment complete with its own kitchen and bathroom, offering potential for rental income or on-site management. The property boasts ample parking, with significant room for expansion, such as adding a mechanic shop or simply increasing parking capacity. The seller is offering attractive seller financing options, with up to $300,000 available. This presents a rare chance to acquire a profitable business in a desirable small-town setting, offering both immediate income and significant growth potential. The property's prime location and versatile features make it an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $231,698

  6.5%

  $213,875

  7%

  $198,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $152,867

  Geo Method

  $152,867

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $407,711

  Retail / Commercial

  $211,687

  Mixed-Use / Specialty

  $212,994

  Hospitality / Lodging

  $158,950

  Office

  $213,875

  Institutional / Educational

  $222,164

  Residential Income

  $259,932

  Multifamily

  $300,323

  Automotive / Energy

  $190,426

  Parking / Income-Based Land

  $63,677.70

  Restaurant / Food Service

  $115,178

  Healthcare / Senior Housing

  $216,308

Location Insight

City

Monroe

County

Sevier

State

Utah

Latitude

38.6368

Longitude

-112.121

Property Tax & Assessments

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