Bountiful Retail / Multi-Family Investment

365 North Main Street, Bountiful, Utah 84010

No deferred maintenance, the building was completely remodeled in 2019 with new membrane roof, all new electrical system, new HVAC, new plumbing, parking lot resurfaced, new glass storefront and all tenant spaces have been new paint and carpet/flooring.

Property Information

  • Sales price: $1,200,000.00
  • Gross Leasable Area: 5,544 SF
  • Lot Size: 0.16 AC
  • Zoning: RMF-35 (Moderate Density Multi-family Residential District)
  • Bountiful Music has been in business and in this location since 1985.
  • Apartments are always full and very easy to rent when one becomes available.
  • Rare opportunity to own a property that hasn’t been on the market in decades.
  • 10 minutes north of Salt Lake City.
  • Retail Tenant’s rent is well below market rates, tons of upside when lease expires.
  • Apartment leases automatically renew annually and increase $50 per month per year.
  • The city handles landscaping and south property owner does snow removal.

Retail: For Sale

Total SF: 5,544

Sales Price: $1,200,000.00