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$ 3,250,000
Est. payment /mo
New
985 W Utah Avenue Hildale, UT 84784
49,017 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 49,017 sqft
Price per Sqft $66
Subdivision Short Creek
MLS Listing ID 25-265465
Year Built 1992
Annual Tax Amount $8,218
Lot Size 1.720 Acres
Acres 1.72
Source Washington County Board of REALTORS®
Land Area 49017
Property Description
Now offering an incredible investment opportunity in the heart of Hildale, UT—this fully renovated 49,000 sq/ft multifamily apartment complex is currently operating as a 40-unit apartment building with long-term tenants, providing immediate cash flow and stability. Situated on 1.72 acres and zoned commercial, this property presents a wealth of possibilities for future use, including assisted living, rehabilitation center, boutique hotel, VRBO-style vacation rentals, or continued multifamily housing. Every aspect of this property has been thoughtfully updated: new roof, upgraded HVAC systems, fresh carpet and paint, and beautifully manicured landscaping. Tenants and future guests will enjoy access to a large commercial kitchen, a spacious recreation room, and expansive common areas, ideal for both residential and commercial applications.
The property boasts a prime location, just minutes from local shopping, schools, and the breathtaking trails and red rock views of Water Canyon, a popular destination for outdoor enthusiasts.
Whether you're an investor seeking reliable income, a developer with a vision, or an operator looking to expand into new services, this unique property offers unparalleled flexibility and upside potential.
Don't miss your chance to own one of the most versatile properties in Southern Utah.
The property boasts a prime location, just minutes from local shopping, schools, and the breathtaking trails and red rock views of Water Canyon, a popular destination for outdoor enthusiasts.
Whether you're an investor seeking reliable income, a developer with a vision, or an operator looking to expand into new services, this unique property offers unparalleled flexibility and upside potential.
Don't miss your chance to own one of the most versatile properties in Southern Utah.
Location
State UT
County Washington
Area Outside Area
Zoning Multi-Family, Commercial
Direction Take highway 59 towards Hildale. Turn left onto Utah Ave. Building is on the right.
Interior
Heating Gas FA
Cooling Central Air
Exterior
View Y/N No
Roof Type Asphalt
Garage Yes
Building
Story 3
New Construction No
Schools
School District Water Canyon School
Others
Senior Community No
Acceptable Financing Conventional, Cash, 1031 Exchange
Listing Terms Conventional, Cash, 1031 Exchange
Listed by RED ROCK REAL ESTATE
