Layton, Utah, offers a diverse range of commercial real estate opportunities for investors and business owners. With its strategic location in the Ogden-Clearfield Metropolitan Statistical Area, Layton provides easy access to Salt Lake City, Ogden, and the Salt Lake City International Airport, making it an attractive location for businesses and travelers alike. Commercial real estate in Layton can represent a variety of investments, including retail, office, and industrial properties, each with its unique characteristics and potential for growth. The city's infrastructure, including the Layton Hills Mall, Cinemark and AMC movie theaters, and the Davis Conference Center, provides a solid foundation for businesses to thrive. Additionally, Layton's proximity to Weber State University and the Hill Air Force Base contributes to its economic stability and growth potential. The city's scenic location at the foot of the Wasatch Mountains and its proximity to Antelope Island also make it an attractive destination for tourists and outdoor enthusiasts.
Currently, there are 21 commercial real estate listings available in Layton, offering a range of options for investors and business owners. The average price per square foot for commercial real estate in Layton is $490 USD, with an average property size of 8,466 square feet. The largest property available is 25,157 square feet. In addition to commercial real estate, Layton also offers a range of other property types, including industrial properties, which can be found near the East Gate Business Park and the Hill Air Force Base; apartment buildings, which are scattered throughout the city; office properties, which are concentrated in the Layton Hills Mall area; and hotels, which are located near the Interstate 15 and Highway 89 intersection. With its diverse economy, scenic location, and range of property types, Layton is an attractive destination for businesses and investors alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Layton, Utah, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for small business owners and entrepreneurs;
- Alternative lenders and private money lenders, which may offer more flexible terms and faster approval processes, but often at higher interest rates.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Layton, Utah, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.86%, investors can gauge the expected income generated by a property relative to its value, helping them make informed decisions about their commercial real estate investments - to learn more about this essential metric, check out our article on what is a cap rate.
In Layton, where there are currently 21 commercial listings available, with an average price per square foot of $490 USD and an average size of 8,466 square feet, understanding cap rates is vital for investors seeking to maximize their returns. By factoring in the cap rate, investors can better assess the potential of a property, such as a retail space in the Layton Hills Mall district or an office building in the East Gate Business Park, and make more informed decisions about their commercial real estate investments.
What is considered a commercial property?
In Layton, Utah, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income through rental or operational activities.
With 21 available listings of commercial real estate in Layton, investors and business owners can find a range of properties to suit their needs, from small office spaces to large industrial facilities, with average prices per square foot of $490 USD and average sizes of 8,466 square feet, and cap rates of 5.86%.
