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Historic Berthana Building 315-327 24th St 34,528 SF 100% Leased Retail Building Ogden, UT 84401 $3,150,000 ($91.23/SF) 6.13% Cap Rate
Investment Highlights
- Architectural/Historic Prestige
- Steps away from 25th Street
- Close to Public Transport
- Expansive Tall Windows
- Heavy Foot Traffic
Executive Summary
Built in 1914, the Berthana Building is one of Ogden’s most iconic and enduring landmarks. Originally home to the grand Berthana Ballroom, this historic property showcases beautiful brick architecture, tall windows, and timeless character that reflect the city’s vibrant early-20th-century charm. Located on 24th Street in the heart of downtown, the Berthana offers exceptional potential for retail, dining, office, or event use. Surrounded by Ogden’s thriving shops, restaurants, and entertainment venues, it draws heavy foot traffic year round. With easy access to public parking, nearby transit, and Ogden’s growing downtown energy, this location presents a rare opportunity to invest in and revitalize a true piece of Utah history.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$216,989
|
$3.50
|
| Other Income |
$65,165
|
$1.05
|
| Vacancy Loss |
$13,973
|
$0.23
|
| Effective Gross Income |
$268,181
|
$4.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$75,155
|
$1.21
|
| Net Operating Income |
$193,026
|
$3.11
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $216,989 |
| Annual Per SF | $3.50 |
| Other Income | |
|---|---|
| Annual | $65,165 |
| Annual Per SF | $1.05 |
| Vacancy Loss | |
|---|---|
| Annual | $13,973 |
| Annual Per SF | $0.23 |
| Effective Gross Income | |
|---|---|
| Annual | $268,181 |
| Annual Per SF | $4.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $75,155 |
| Annual Per SF | $1.21 |
| Net Operating Income | |
|---|---|
| Annual | $193,026 |
| Annual Per SF | $3.11 |
Property Facts
Sale Type
Investment
Property Type
Building Size
34,528 SF
Building Class
C
Year Built/Renovated
1914/2016
Price
$3,150,000
Price Per SF
$91.23
Cap Rate
6.13%
NOI
$193,095
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.97
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
C-MU - Commercial Mixed-Use
Parking
20 Spaces
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Menchie’s Frozen Yogurt is a privately held frozen dessert franchisor founded in 2007 by Adam Caldwell and Danna Caldwell in Southern California. The company began as a single self-serve frozen yogurt shop and expanded through franchising, establishing a broad presence in the quick-service dessert segment. Menchie’s develops and licenses a self-serve retail concept centered on rotating frozen yogurt flavors, toppings, and frozen dessert cakes, supported by a proprietary supply and branding platform.
- Sapori Italian bakery & cafe
- Retailer
- -
- -
- -
- Union Grill
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - | ||
| Sapori Italian bakery & cafe | Retailer | - | - | - | ||
| Union Grill | Retailer | - | - | - |
Walk Score®
Very Walkable (83)
Nearby Major Retailers
1 of 12
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Historic Berthana Building | 315-327 24th St
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