$2,000,000
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1155 N MAIN ST Layton, UT 84041
0.77 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1967332
Sold Date 05/31/24
Construction Status Blt./Standing
HOA Y/N No
Year Built 1999
Annual Tax Amount $19,126
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 197.0x57.0x197.0
Property Sub-Type Retail
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.
Location
State UT
County Davis
Area Kaysville; Fruit Heights; Layton
Interior
Fireplace false
Exterior
View Y/N No
Present Use Retail
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 10-029-0098
Ownership Agent Owned
Horse Property No
Financing Cash
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Bought with NON-MLS