701 40th St, South Ogden, UT 84403

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List Price
$389,000
Status
ACTIVE
MLS#
2153463
Days on Market
147
Price Change
▼ $6,000 1780424911
Year Built
1955
Parcel Number
06-051-0010
Acres
0.19
County
Weber
Region
Ogdn; W Hvn; Ter; Rvrdl

Property Description

**Seller Financing Available** Positioned on a high-traffic corner at 40th Street and Madison Drive in South Ogden, this standalone commercial building offers exceptional visibility and access in one of the area's busiest corridors. Formerly a gas station, the property has already undergone significant due diligence and planning, including a Phase I Environmental Site Assessment and electromagnetic survey confirming removal of prior fuel tanks. The site has been fully engineered with architectural plans submitted to and approved by the city, allowing a buyer to move forward immediately and pull permits without delay. Approved plans call for conversion into six individual salon or creative suites, catering to the growing demand for independent beauty, wellness, and service-based professionals, with estimated rents ranging from $900$1,200 per suite, providing strong income potential. In addition, substantial site work has already been completed, including new power service with both interior and exterior panels installed, the building trenched and ready for plumbing, and the interior fully gutted to allow for an efficient buildout. This is a rare opportunity to acquire a highly visible corner property with completed environmental work, full approvals in place, and a clear path to development, ideal for investors or owner-users seeking a project with minimized risk and significant upside.

Additional Information

Taxes
$1,233

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Calculator source: Real Geeks

Listing courtesy of Growth Real Estate Group LLC.

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