Prime mixed-use building in the heart of downtown Nephi with exceptional income potential. This versatile property offers a rare opportunity for both commercial and residential use, making it ideal for investors or those seeking a live/work environment. The main-floor commercial storefront features large, street-facing windows along Main Street, providing excellent visibility and natural light for a business presence. This space includes a private bathroom along with additional storage or office space. Adjacent to the storefront is a second commercial space with its own exterior entrance and bathroom, offering flexibility to operate as a separate unit or combine with the main storefront to create a larger commercial footprint. The property also includes two residential units. The first apartment is located on the main floor and offers a private rear entrance with a dedicated parking space. This one-bedroom unit includes washer and dryer hookups and a spacious bedroom, creating a comfortable and functional living area. The second apartment is located on the upper level and features an open-concept kitchen with a combined living and bedroom space, a separate laundry room, and attic storage. Access to the upper unit is available by stairs or stair lift, providing added convenience. Additional highlights include both Main Street and alley access, allowing easy access for tenants and customers. With the option to rent all four spaces or create a customized live/work setup, this property offers strong and flexible income potential. The seller has completed numerous updates, ensuring the building is well maintained and move-in ready. Located within Nephi's Central Commercial zoning, this is a prime opportunity to own a well-positioned multi-use property in a thriving downtown location.
Nephi is located in Utah. Nephi, Utah has a population of 6,334. Nephi is less family-centric than the surrounding county with 40.56% of the households containing married families with children. The county average for households married with children is 43.1%.
The median household income in Nephi, Utah is $74,113. The median household income for the surrounding county is $74,741 compared to the national median of $69,021. The median age of people living in Nephi is 30.9 years.
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 16.4 inches per year, with 50.1 inches of snow per year.
