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Stan's Drive-in 248 W Center 4,055 SF Retail Building Salem, UT 84653 $1,550,000 ($382.24/SF)
Investment Highlights
- Located on Highway 198 Running through Salem City.
- Established name and clientele.
- Adjacent to Salem Hills High School.
- Drive Thru and dine-in seating.
Executive Summary
Price Reduction! Cap rate and NOI can be disclosed to interested parties that reach out to broker directly! Prime retail/restaurant location adjacent to Salem Hills High School and Highway 198 in Salem. Stan's Drive In is a a fully operational and currently operating business complete with improvements and equipment. The building is 4,054 SF. The facility offers both inside, sit-down dining or a convenient drive-thru window. Well established client base. Purchase price includes real estate and equipment/fixtures. Leasing the property is also an option along with a lease with option to purchase. Square footage figures are provided as a courtesy estimate only and were obtained from Utah County records. Buyer is advised to obtain an independent measurement. Lease/Option also available. Call Charles Wixom Realty 801-372-3481 for details.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
4,055 SF
Building Class
C
Year Built
1977
Price
$1,550,000
Price Per SF
$382.24
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.69 AC
Zoning
C - Commercial Zoning
Parking
20 Spaces (4.93 Spaces per 1,000 SF Leased)
Frontage
198’ on Center St
Amenities
- Restaurant
- Signage
- Drive Thru
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-036-0108 | Total Assessment | $781,600 (2025) |
| Land Assessment | $495,400 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $286,200 (2025) | Tax Year | 2022 Payable 2022 |
Property Taxes
Parcel Number
30-036-0108
Land Assessment
$495,400 (2025)
Improvements Assessment
$286,200 (2025)
Total Assessment
$781,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022 Payable 2022
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Presented by
Charles Wixom Realty
Stan's Drive-in | 248 W Center
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