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47 E CENTER ST, Nephi, UT 84648
$435,000
47 E CENTER ST, Nephi, UT 84648
Subtype
Retail
Building SF
—
$/SF
—
Lot
0.25 ac
Property Details
Description
NOTICE: No trespassing. All showings must be scheduled through the listing agent. Do not approach the home or walk the property without prior approval and an agent present. Opportunities like this do not come around often. Located in the Central Commercial (CC) zone in the heart of downtown Nephi, this property offers true mixed-use potential. Currently used as a residence, it opens the door to a live/work lifestyle where you can run a business while enjoying the comfort and charm of home all in one place. The 1940s Tudor-style design brings undeniable character with its gable rooflines, arched doorways, and storybook curb appeal, creating a warm and inviting space that stands out for both residential living and business presence. Inside, the home offers a spacious and functional layout with multiple bedrooms, flexible living areas, and a basement with a separate exterior entrance, ideal for separating personal and business spaces if desired. The CC zoning allows for a wide range of uses, making this an ideal setup for those looking to combine lifestyle and livelihood. Some of the most fitting live/work opportunities for this property include a boutique retail shop, art gallery or studio, professional office space, counseling or therapy services, salon or spa, bakery or small caf setting, photography studio, instructional or creative academy, specialty craft or hobby shop, or a small business storefront with residential living. The private, fully fenced yard with mature landscaping and pergola adds an extra layer of versatility, offering space for outdoor gatherings, client experiences, or simply a peaceful retreat at the end of the day. Positioned within walking distance to local shops, restaurants, the coffee house, post office, county offices, and the DUP museum, the location supports both strong visibility and everyday convenience. Whether you are looking to create a unique business presence, invest in a flexible property, or enjoy the benefits of living where you work, this property delivers character, location, and opportunity all in one.
Listed by Meadow Perides · The Agency Salt Lake City (Nephi)
Location
47 E CENTER ST, Nephi, UT 84648
Cap Rate Calculator
Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.
Cap Rate
5.25%
$/SF
—
GRM
11.8
Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:02:36 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.