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$375,000
Est. payment /mo
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2078819
Construction Status Blt./Standing
HOA Y/N No
Year Built 1983
Annual Tax Amount $3,029
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Retail
Property Description
Prime single tenant 1,500 SF laundromat building anchored by South Fork Hardware, located on Grantsville Main Street. The busy Main Street has an average daily traffic of 10,553. The property benefits from high visibility, steady foot traffic, and easy access to the main road. Surrounded by residential communities and established retailers, this building offers strong a strong investment opportunity, and stable growth potential. Current rents at the property are below market rates, presenting an attractive value-add opportunity for the next owner when the current lease expires. The space is currently leased with 3% annual increases. Currently the rent is $1,591 NNN. July 2025 it goes to $1,638 then $1,687 next year.
Location
State UT
County Tooele
Area Grantsville; Tooele; Erda; Stanp
Zoning Commercial
Interior
Interior Features Restroom: Private
Fireplace No
Exterior
View Y/N No
Present Use Retail
Private Pool No
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 01-094-0-0014
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Listed by Investment Realty Advisors LLC