40 Freedom Blvd Provo, UT 84601

This exceptional mixed-use investment opportunity in downtown Provo, Utah, presents two buildings totaling 10,294 square feet on a 0.133-acre lot (APN: 04:059:0025, 04:059:0034). The property, zoned DT1, comprises two, two-story buildings constructed in 1940. One building, located at 40 S Freedom Blvd, is vacant and presents a significant value-add opportunity with a large upstairs layout, ideal for extensive renovation. The other building, at 32 S Freedom Blvd, features a new tenant under a triple net (NNN) lease commencing October 15, 2024, and expiring November 15, 2027, with a base rent of $2,812.50 per month. The current occupancy is 17.5%, generating a net operating income (NOI) of $33,750, and a 3.07% cap rate. The asking price for both buildings is $1,100,000. Seller financing is available for 32 S Freedom Blvd. The properties must be purchased together. This prime location boasts high traffic and is conveniently situated just over 1.5 miles from I-15. This is a unique chance to acquire a substantial mixed-use property with immediate income and significant long-term potential. The buildings require full renovation, and the information provided should be verified with the city.