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- LoopNet Team
365 N Main St
Bountiful, UT 84010
Retail Property For Sale
Investment Highlights
- Zoning: RMF-35 (Moderate Density Multi-family Residential District)
- Apartment leases automatically renew annually and increase $50 per month per year
PROPERTY FACTS
About 365 N Main St , Bountiful, UT 84010
• Bountiful Music has been in business and in this location since 1985 • No deferred maintenance, the building was completely remodeled in 2019 with new membrane roof, all new electrical system, new HVAC, new plumbing, parking lot resurfaced, new glass storefront and all tenant spaces have been new paint and carpet/flooring. • Apartments are always full and very easy to rent when one becomes available • Rare opportunity to own a property that hasn’t been on the market in decades • 10 minutes north of Salt Lake City • Retail Tenant’s rent is well below market rates, tons of upside when lease expires • Apartment leases automatically renew annually and increase $50 per month per year • The city handles landscaping and south property owner does snow removal
PROPERTY TAXES
| Parcel Number | 03-026-0033 | Improvements Assessment | $477,678 |
| Land Assessment | $82,810 | Total Assessment | $560,488 |
PROPERTY TAXES
