ActiveResidential · sale

385 N STATE ST

La Verkin, UT 84745

$1,250,000

  • 5,693 sq ft
  • 0.28 acres
  • Built 1971

Listed by THINK REALTY LLC · MLS #26-273695

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The mature trees and fenced backyard create a private setting with patio space, gardens, and room to relax while still enjoying the convenience of a prime commercial corridor.

Year built

Built in 1971.

Garage parking

5 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Rare Income-Producing Commercial Opportunity on the Zion Gateway Corridor

Rare opportunity to own an income-producing commercial property located on State Route 9 (SR-9), the primary gateway to Zion National Park. The property features three residential rental units and offers immediate income potential.

As an added benefit, the seller is willing to execute a one-year leaseback at $8,500 per month, providing the buyer with immediate, predictable cash flow from day one.

Strategically positioned along one of Southern Utah's busiest travel corridors with approximately 18,800 vehicles per day (2023 UDOT AADT), the property enjoys outstanding visibility and exposure to both local traffic and the millions of visitors traveling to Zion each year.

Commercial zoning offers outstanding flexibility for future use, with potential opportunities for a restaurant, café, retail storefront, professional office, auto sales, service business, boutique hospitality, or mixed-use redevelopment (buyer to verify all permitted uses with the City of La Verkin).

Whether you're looking for a stable investment, a highly visible business location, or a property with long-term redevelopment potential, this offering combines immediate cash flow, premier highway frontage, and exceptional future opportunity in one of Southern Utah's fastest-growing markets.
The property features a comfortable residence, extensive off-street parking, detached garages, and an impressive oversized metal shop with large overhead door, providing abundant space for vehicles, equipment, inventory, storage, or workshop use. The mature trees and fenced backyard create a private setting with patio space, gardens, and room to relax while still enjoying the convenience of a prime commercial corridor.

The mixed-use zoning opens the door to a variety of potential uses (buyer to verify permitted uses), making this property an excellent long-term investment with flexibility that is increasingly difficult to find. Whether you'

THE NEIGHBORHOOD

Explore the location.

385 N STATE ST, La Verkin, UT 84745

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THE DETAILS

The details, all in one place.

Property type
Residential Income
Category
Residential
Year built
1971
Garage spaces
5
Cooling
Heat Pump
Heating
Heat Pump
Subdivision
ORAL D & MINNIE E STOWELL
Zoning
Multi-Family, Mixed Zoning, Commercial, Business
Parcel
LV-OMS-3-1-1
Elementary school
LaVerkin Elementary
Middle school
Hurricane Middle
High school
Hurricane High
Annual property tax
$2,084.74

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,208.33
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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385 N STATE ST, La Verkin, UT 84745 · MLS #26-273695

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More in La Verkin.

Listing information

MLS #26-273695 · Washington County MLS

Listing brokerage: THINK REALTY LLC
Listing agent: LUKE E GODFREY

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Washington County Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ERA Brokers Consolidated, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2023 Washington County Board of REALTORS®. All Rights Reserved.