Parowan, UT 84761,197 W 200 S
Parowan, UT 84761,197 W 200 S
Parowan, UT 84761,197 W 200 S
Parowan, UT 84761,197 W 200 S
Parowan, UT 84761,197 W 200 S
Parowan, UT 84761,197 W 200 S
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$649,900

$649,900

Est.Price: ?

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Est. payment /mo

7,595 SqFt


SOLD DATE : 05/05/2023

Key Details

Sold Price $649,900

Property Type Commercial

Sub Type Business + Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 7,595 sqft

Price per Sqft $85

MLS Listing ID 22-236288

Sold Date 05/05/23

Originating Board Washington County Board of REALTORS®

Year Built 1955

Annual Tax Amount $1,559

Lot Size 0.810 Acres

Acres 0.81

Property Description

Hamburger restaurant by day, Steakhouse by night. This fully operational restaurant with positive cash flow, features live music, and an incredible atmosphere with tons of history. The building is over 7000 ft.², it was remodeled in 2012 and includes over $150k in restaurant equipment. It has two full kitchens and has a nice sized apartment upstairs. The apartment could be rented out for between $500-$800 per month, plus there is lots of land not being used that if rezoned could possibly have apartments built on it etc., depending on what the city would allow. There is approximately 5500 sq. ft. in the back portion of the building that is being used as storage right now but could be so much more. You can offer private parties upstairs and there is an established catering business as well. Seller can provide 3 years of financials.
The historic, quaint restaurant is conveniently located on 200 S. just before you take the exit for Brian Head (13 miles away) and Cedar Brakes (only 17 miles).
Call today for more info and if you would like to see the property.
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Location

State UT

County Iron

Area Outside Area

Zoning Commercial

Direction From I-15 take exit 75 and head north on 200 S. The restaurant is the right before you get to Main St.

Exterior

View Y/N No

Building

Story 2

New Construction No

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Washington County MLS (WCMLS)
Listed by RED ROCK REAL ESTATE
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