Off Market

295 Main St, Nephi, UT 84648

$550,000

3,689 sqft

PROPERTY IS CURRENTLY BEING REMODELED. PRICE CHANGE REFLECTS RENOVATIONS THAT ARE CURRENTLY BEING MADE. This building is a shell. The exterior has been remodeled with new stucco, Hardiboard, new windows, soffit, facia, doors, paint, and trim in 2020. A new roof installed on 70% of the building (October 2020; flat roof, which is the aforementioned roof's remaining 30%, is 3 years old). New wiring in the front showroom area, new breaker box and mast. Some new plumbing throughout. The property is zoned Commercial/mixed use. The property has historically been used and permitted for commercial use and two apartments. There are 3 electrical meters: One for the front commercial space, two others for apartments. There are three separate gas meters on the property. There is one water meter and one known sewer line. A new high efficient furnace installed within the last few years. The rear apartments need full remodel. New electrical masts were installed approximately 5 years ago for both apartments. There is additional property at the rear of building, that may allow for another commercial structure. Square footage per appraisal sketch, acreage per Juab County recorder; buyer-broker to verify all info. The property has been used as mixed use. It has great potential for income producing as both commercial and residential opportunities are limited in Nephi and Juab county. Present owner was intending to finish apartment space in the rear of the building into a single apartment. Plans were to make a two bedroom, one and three quarter bath, with living room, kitchen, laundry room, office and family room. Approximately 1600 sq ft. Plans for a second building on the lot in the rear of property could use the third gas and electrical service presently on the property. This would be subject to Nephi City approval. The entire building however could be used entirely for commercial purposes if desired. There is ample parking and high visibility, being in the heart of downtown Nephi. 1G fiberoptic line installed in Main Street. Perfect for online retail or telecommuting.

Photos (48)

Listing courtesy of Matt Evans, Summit Realty, Inc..

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