Ogden, Utah, offers a unique opportunity for investors to tap into the city's growing retail market with 13 retail properties for sale. As a hub for manufacturing and commerce, Ogden's strategic location near the Great Salt Lake and the Wasatch Mountains makes it an attractive spot for businesses looking to establish a presence in the region. Retail properties in Ogden can represent a wide range of investments, from strip centers and shopping malls to freestanding buildings and restaurants. With its rich history, cultural heritage, and natural surroundings, Ogden provides a unique blend of small-town charm and big-city amenities, making it an attractive location for businesses and residents alike. The city's infrastructure, including Interstates 15 and 84, State Route 39, and the Ogden-Hinckley Airport, provides easy access to the surrounding area and beyond. Additionally, the presence of Weber State University and major employers like Autoliv North America, McKay Dee Hospital, and MarketStar contribute to a strong local economy.
Ogden's retail properties offer a diverse range of opportunities for investors, with nearby attractions like the Ogden Nature Center, Snowbasin Ski Area, and the Ogden Stadium drawing visitors from across the region. Shopping centers in Ogden provide a convenient and accessible location for retailers, while restaurants in the area benefit from the city's strong local economy and tourist traffic. Office properties in Ogden offer a range of options for businesses, from modern Class A buildings to historic renovated spaces. Meanwhile, hotels in Ogden cater to visitors drawn to the area's natural beauty and outdoor recreation opportunities. With its unique blend of history, culture, and natural surroundings, Ogden is an attractive location for businesses and investors looking to establish a presence in the region.
What is the average cap rate for retail properties in Ogden?
When it comes to investing in retail properties in Ogden, understanding the average cap rate is crucial. According to current market data, the average cap rate for retail properties in Ogden is 5.09%, which can help investors gauge the potential return on investment - for a more in-depth explanation, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Ogden, Utah, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near Weber State University, the Ogden Intermodal Hub, or along Historic 25th Street, which attracts a high volume of pedestrians, tend to command higher prices due to their proximity to major transportation hubs, educational institutions, and popular shopping districts, with an average price per square foot of $240 USD and average size of 20,005 square feet.
