This property is unique in that it can be divided into 2 units or can be one unit. The most recent use was a gift shop. A new roof was just put on the building last year. We also had some electrical, dry wall and refreshing work done on it. We are looking to lease it or sell it. It appraised for $170,000 prior to the roof and other repairs that were done to improve it. We are asking only $5.5 per sqft NNN as annual rent. That is only $838/month for the bigger unit (~1829 sqft) and another $596 for the smaller sized unit (~1300 sqft). That puts the Proforma CAP rate at ~ 11.5%. The price is far below appraisal and the asking rent is very agressively affordable.
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73 W Main St, Vernal, UT 84078 (MLS# 1718728) is a
73 W Main St is currently listed for $150,000 and was received on January 06, 2021.
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