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996 W SR 24, Torrey, UT 84775
996 W SR 24, Torrey, UT 84775
Type
SFR
List Price
$990,000
Price/Sqft
$495
Est Gross Yield
1.9%
$18,360/yr est.
Located adjacent to the city limits of Torrey in Wayne County, this 2.5 acre property offers a unique combination of residential living, workshop space, storage facilities, and future expansion potential. Situated just minutes from Capitol Reef National Park and surrounded by some of Utah's most recognized public lands, the property provides convenient access to recreation, tourism, and outdoor opportunities while maintaining a private setting. The property has served as the long-term home of Thousand Lakes Services, an established RV repair operation. While the property is being marketed and sold as real estate only, the existing improvements provide flexibility for a variety of future uses, subject to applicable regulations and approvals. The seller is willing to discuss including business transition outside in addition to the real estate transaction. The parcel is heavily shaded by mature trees and features a private setting with a large metal entry gate and landscaped grounds. The primary residence was completed in 1999 and offers approximately 2,000 square feet of living space. The home includes three bedrooms, two bathrooms, a full-sized laundry room, custom cabinetry, a gas cooktop, and an electric double oven. The residence has also been prepared for future expansion, with plans completed and a foundation already poured for an additional 3,000 square feet, allowing future owners the option to continue development if desired. Energy efficiency has been incorporated throughout the property. Two independent solar systems generate a combined 16.9 kilowatts of power. The home utilizes heated concrete floors supplied by a propane boiler, along with a wood-burning stove for supplemental heating. Cooling is provided by a swamp cooler and ceiling fans. The shop also benefits from heated floors and includes a waste-oil heater for supplemental winter use. Water is supplied by a private well, complemented by approximately 3,600 gallons of underground water storage capacity. These infrastructure improvements contribute to the property's self-sufficiency and operational flexibility. A significant feature of the property is the approximately 2,700-square-foot commercial shop and studio building currently configured as an RV service facility. The structure provides substantial workspace, storage, and utility for a variety of potential applications. Additional improvements include a 1,000-square-foot outbuilding featuring storage space and a partially finished apartment area, a hay shed, multiple chicken coops, and two approximately 300-square-foot cabins currently utilized for storage. The setting offers views of Velvet Ridge and surrounding red rock landscapes that characterize the Torrey area. The property borders the vicinity of Torrey city limits and may offer future annexation potential, subject to city review and approval. The location places owners within minutes of some of Utah's most notable destinations. Capitol Reef National Park lies immediately to the east, while Fishlake National Forest and Thousand Lake Mountain are located to the north. Boulder Mountain and Dixie National Forest are accessible to the south, providing opportunities for hunting, hiking, camping, fishing, ATV riding, and other outdoor pursuits. Whether utilized primarily as a residence, business location, storage facility, or a combination of uses, this Wayne County property offers substantial improvements, infrastructure, and access to some of Utah's most scenic public lands and recreation areas.
Listed by Zeb White · Whitetail Properties Real Estate LLC
996 W SR 24, Torrey, UT 84775
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Cap Rate
1.23%
Cash-on-Cash
-9.18%
Cash Flow
-$2,841/mo
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/12/2026, 5:30:19 AM. 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.