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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1965327
Sold Date 03/15/24
HOA Y/N No
Annual Tax Amount $5,782
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions 0.0x0.0x0.0
Property Description
Strategically located just south of the bustling downtown Moab, this unique property along Highway 191 presents a dynamic and rare investment opportunity in the Moab, Utah market. Zoned Highway Commercial, the parcel showcases an eclectic ensemble of seven well-maintained vintage trailers and a vintage residence, demonstrating its immense versatility. Currently serving as an esteemed employee housing enclave, this property has empowered local enterprises with the capacity to offer their staff superior living accommodations. This not only amplifies employee satisfaction but stands as a testament to the property's multifunctional usage. One of the distinctive selling points is its zoning provision for short-term rentals. Such a privilege is a rarity in the region, offering potential investors a golden ticket for unparalleled ROI. With the possibility of redevelopment, there lies a vision of optimizing the land to construct additional units, further elevating its rental income potential. In an era where real estate precision aligns with business acumen, this property encapsulates both. A blend of prime location, versatile usage, and ample redevelopment opportunities this is not just an acquisition; it's an acquisition opportunity for an existing hotelier/lodge owner/developer. Secure it now and shape the future of business-centric housing in Moab.
Location
State UT
County Grand
Area Moab Valley; Pack Creek
Zoning Commercial
Interior
Fireplace false
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected
Waterfront No
View Y/N No
Present Use Commercial
Private Pool false
Building
Sewer Sewer: Connected
New Construction No
Schools
Elementary Schools Helen M. Knight
High Schools Grand County
School District Grand
Others
Senior Community No
Tax ID 02-0007-0103
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Moab Utah Real Estate & Rentals