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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$578,000

$649,900

11.1%
Est.Price: ?

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Est. payment /mo

0.81 Acres Lot


SOLD DATE : 05/09/2023

Key Details

Sold Price $578,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 1854573

Sold Date 05/09/23

Construction Status Blt./Standing

HOA Y/N No

Year Built 1955

Annual Tax Amount $2,476

Lot Size 0.810 Acres

Acres 0.81

Lot Dimensions 0.0x0.0x0.0

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., it was remodeled in 2012 and includes over $150k in restaurant equipment. It has two full kitchens and 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. Buyer to verify all information. Please do not approach employees.

Location

State UT

County Iron

Area Paragonah; Parowan

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

Interior

Fireplace false

Exterior

View Y/N No

Present Use Retail

Private Pool false

Building

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID A-0137-0000-0000

Horse Property No

Financing Seller Financing

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Listed by Red Rock Real Estate LLC
Bought with Ascent Real Estate Group LLC
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