1155 N Main St, Layton, UT 84041

$2,000,000
List Price
$2,000,000
Status
ACTIVE
MLS#
1967332
Days on Market
155
Price Change
▼ $100,000 1707783488
Year Built
1999
Parcel Number
10-029-0098
Acres
0.77
County
Davis
Region
Kaysville; Fruit Heights; Layton

Property Description

Valuable investment-grade retail property, well-maintained by current owner, fully-leased with 7 tenants. Hard to find investment property. Pylon sign in front. Corner lot. High traffic volume and close to numerous commercial shops including Layton Hills Mall. Cap Rate of 6% at offering price (based on 2023 income/expense actuals). Cap Rate of 6.96% at offering price on 2024 income (based on rent roll/leases) and estimated expenses (based on average of past 5 years). Please contact AGENT with questions, requests for financials, and requests to view the property. Prospective buyers must submit proof of funds (and preapproval letter if obtaining a loan for purchase) before a full tour (interior and exterior) of the property will be allowed and scheduled. Interested parties may view the exterior (only) of the property without appointment - PLEASE DO NOT DISTURB TENANTS.

Additional Information

Taxes
$19,126

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Engel & Volkers Park City.