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Key Details
Sold Price $330,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1819151
Sold Date 07/21/22
Construction Status Blt./Standing
HOA Y/N No
Year Built 1965
Annual Tax Amount $4,570
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 80.0x160.0x80.0
Property Description
Commercial building leased to United States Post Office in Blanding Utah. Current lease contract expires January 2024, with new contract proposal on the table that will increase rental revenue and CAP rate. The USPS lease contract is a 5 year initial term with 2 additional 5 year extensions, including built in rent increases at each renewal. USPS reimburses owner for taxes each year. Current contract has owner responsible for building repairs and capital expenditures, and tenant responsible for taxes, cleaning, and general care. This is a long term investment opportunity with a great long term tenant.
Location
State UT
County San Juan
Area Blanding
Zoning Commercial
Interior
Interior Features Restroom: Private
Heating Forced Air
Cooling Central Air
Fireplace false
Window Features Blinds
Exterior
Exterior Feature Paved Parking
Utilities Available Gas: Natural
Waterfront No
View Y/N No
Roof Type Rolled-Silver
Present Use Retail
Accessibility Ground Level, Single Level
Private Pool false
Building
Faces West
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID B0000013002A
Acceptable Financing Cash, Commercial Fin. Req., SBA
Horse Property Yes
Listing Terms Cash, Commercial Fin. Req., SBA
Financing Cash
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Bought with NON-MLS
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