$125,000
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1.74 Acres Lot
SOLD DATE : 10/23/2017
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1470894
Sold Date 10/23/17
Construction Status Blt./Standing
HOA Y/N No
Year Built 1992
Annual Tax Amount $48
Lot Size 1.740 Acres
Acres 1.74
Lot Dimensions 95.0x1000.0x65.0
Property Sub-Type Industrial
Property Description
Owner of 25 plus years has decided to let this money maker go. Property is located 1/4 mile off exit 88 on I 80 2 miles west of Grantsville. There is a 24'x 50' steel building with power to the building, yard lighting all sitting on approx. 1/2 acre full fenced area of the 1.74 ac. parcel The 1/2 ac parcel along with building and improvements has been leased out to the same communication company since 1992 Current contract terms are $800.00 per month tenant pays power Owner pays tax's of $48 yearly. Current contract expires on Oct.2018 tenant has already contact owner to exercise a 3 yr. option with a 3% increase, this will take contract out to Oct. 2021. Contract history shows tenant signs 4 yr. lease with a 3 yr. option. This has been a great hands off investment for over 25 years !!!
Location
State UT
County Tooele
Area Grantsville; Tooele; Erda; Stanp
Zoning Commercial, Industrial, Agricultural
Interior
Fireplace false
Exterior
Exterior Feature See Remarks, Out Buildings, Security Lighting, Storage
Utilities Available See Remarks, 120/240 V 1 Phase, Separate Meter: Elec.
View Y/N No
Roof Type See Remarks
Present Use Industrial
Private Pool false
Building
Faces Southeast
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 05-054-0-0029
Acceptable Financing Cash, Conventional, Exchange
Horse Property Yes
Listing Terms Cash, Conventional, Exchange
Financing Cash
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Bought with Knight Real Estate Advisors