2514 7800West Jordan, UT 84088

Property Details for 2514 7800

Year built

1924

Lot size

1.23 AC

Property size (Sq ft)

6,478 SF

Zone code

CG

Property type

Retail properties

Property subtype

Other car washes

APN

21-28-455-045

APU

2128455045

Description

This exceptional turnkey opportunity presents a thriving SudsNSoda Express Car Wash, ideally situated in West Jordan, Utah's rapidly expanding Salt Lake City MSA. Boasting a 100% occupancy rate, this single-tenant, freestanding retail property encompasses 6,915 square feet on a 1.23-acre lot. Built in 2021, the car wash features a 165-foot tunnel equipped with top-of-the-line equipment from Buddco distributing, reflecting a professional and no-expense-spared build-out. The property's strategic location on a major retail thoroughfare ensures high visibility and accessibility, surrounded by national retailers. A recent appraisal valued the property in excess of $7.2 million, underscoring its significant investment potential. The surrounding area boasts average household incomes exceeding $100,000 within 1, 3, and 5-mile radii, indicating a strong and affluent customer base. This presents a unique opportunity for an express car wash operator to either continue operations "as-is" or rebrand the existing successful business. The asking price is $6,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,515,699

  6.5%

  $2,322,184

  7%

  $2,156,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,270,626

  Geo Method

  $3,270,626

• Alternative Use

  Use

  Valuation

  Residential

  $1,958,849

  Hospitality

  $1,794,295

  Educational

  $1,492,832

  Medical

  $1,544,173

  Retail

  $2,322,184

Location Insight

City

West Jordan

County

Salt Lake

State

Utah

Latitude

40.61

Longitude

-111.955

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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