1322-1328 N Highway 89 - Storefront FOR SALE


Farmington, UT 84025
$2,053,000 USD
570-762-6075
1322-1328 N Highway 89, Farmington, UT for Sale
$2,053,000 USD
Storefront - FOR SALE
1/9
null | 7% Cap Rate

1322-1328 N Highway 89
Farmington, UT 84025


HIGHLIGHTS

  • 100% Occupied | In-Line Shops Attached to Grocery Smith’s |E-Commerce Resistant Tenant Line-Up | Below Market Rent
  • Located Along State Highway 89 (38,100 VPD)
  • Strong Demographics In 5-Mile Trade Area | Affluent 6-figure AHHI

OVERVIEW

• 100% occupied, generating steady cash flow for a new owner • Ideal e-commerce tenant line-up with service and food concept tenants • The property is an in-line shops to a grocery shadow-anchor Smith’s, which attracts a significant number of customers to the site • Tenants are currently paying far below market rents in Davis County

FOR SALE DETAILS

PRICE

$2,053,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Farmington Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C

APN/PARCEL ID

08-043-0111,08-043-0125,08-043-0128

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.