475 N MAIN ST, Tooele, UT 84074
475 N MAIN ST, Tooele, UT 84074,Video Tour
475 N MAIN ST, Tooele, UT 84074
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$995,000
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0.51 Acres Lot
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475 N MAIN ST Tooele, UT 84074

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Utah Best Real Estate Team - Concierge

Utah Best Real Estate Team - Concierge

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2181665

Construction Status Blt./Standing

HOA Y/N No

Year Built 1952

Annual Tax Amount $5,541

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Hotel/Motel

Property Description

Live Here. Earn Here. Invest in Your Future. A rare opportunity to combine comfortable residential living with built-in income potential! Live on-site, own and operate your own business, and use the motel income to offset the cost of owning the entire property. Located in a Qualified Opportunity Zone, the Villa Motel property features a 2,040-square-foot residence, an 8-unit income-producing motel, and multiple accessory improvements on a spacious 0.51-acre General Commercial parcel. The residence features a walkout basement with additional income or flexible-use potential, while the property also includes garage/storage space, an office, barn, and excess land. The existing 8-unit motel provides an opportunity to generate revenue while owning the underlying real estate. Live on-site and operate the motel yourself, hire management, or explore the property's broader income and commercial possibilities. Offer Memorandum is available and attached. Existing improvements include approximately 1,600 square feet of motel space, a 380-square-foot garage/storage building, an 80-square-foot office, and a 370-square-foot barn, leaving substantial excess land available for future development or expansion. With dual street access from Main Street and 50 W, flexible General Commercial zoning, within a Qualified Opportunity Zone, the property offers immediate cash flow with multiple opportunities to increase revenue through redevelopment, expansion, or additional income-producing uses. Own the home. Own the business. Live and work on the same property.

Location

State UT

County Tooele

Area Grantsville; Tooele; Erda; Stanp

Zoning Commercial, Short Term Rental Allowed

Interior

Interior Features Kitchen, Video Camera(s)

Cooling Window Unit(s)

Flooring Carpet, Tile

Fireplace No

Window Features Blinds,Drapes

Exterior

Exterior Feature Out Buildings

View Y/N No

Roof Type Asbestos Shingle

Present Use Commercial

Handicap Access Ground Level, Single Level

Private Pool No

Building

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 02-046-0-0014

Acceptable Financing Cash, Commercial Fin. Req., Conventional, SBA

Listing Terms Cash, Commercial Fin. Req., Conventional, SBA

Virtual Tour https://www.zillow.com/view-imx/bf178eb4-b8f4-4f2e-bd9a-eca9097eade7?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Listed by REALTY OF AMERICA LLC

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475 N MAIN ST