Listed by Berkshire Hathaway HomeServices Utah Properties
$4,500,000
162 S Main Street
Details
APN 00-0004-7527
Property Type Mixed Use, Office
Sub Type Creative Office, Storefront
Square Footage 13,700
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.00%
Class B
Year Built 1951
Year Renovated 2023-2024
Acreage 0.680
Zoning C-3
Investment Type Value Add
Mixed Use | 13,700 SqFt
Marketing description
Prime Main Street address for maximum exposure and accessibility within Heber City’s active commercial core
Fully occupied mixed use building providing flexible options for a variety of business models
Value add opportunity with below market rents and short term lease expirations – perfect for future redevelopment
Perfectly positioned adjacent to Heber’s pavilion and planned C-Street pedestrian corridor
Investment highlights
Well below market rents - at market, cap rate will more than double. with short term leases in place, this can happen quickly.
amazing redevelopment opportunity with short term leases that can have most rents almost doubled while a buyer works through the city for redevelopment plans
Listing Contacts
Listed by Berkshire Hathaway HomeServices Utah Properties
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