For Sale
$7,149,000

727 Utah Valley DrAmerican Fork, UT 84003

Prime Office Building, Vacant, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional three-story, 55,949 square foot Class B office building in American Fork, Utah, is available for $7,149,000. Located in a Commercial (Opportunity Zone) on a 4.14-acre lot, this vacant property presents a significant redevelopment opportunity. The building's executive office layout offers versatile spaces across three levels, ideal for owner-users or investors seeking a prime location. With a projected capitalization rate of 9%, and an estimated annual operating expense of $7.50 per square foot, this property promises strong returns. The expansive lot size provides significant excess acreage for future expansion projects. The strategic location in American Fork offers easy access to numerous amenities, including shopping, dining, and entertainment venues. The land value is $127.78 per square foot. The lease type is NNN. This is a truly exceptional investment opportunity in a thriving Utah County location. The property is zoned for commercial use and benefits from its Opportunity Zone designation. The building's size and location make it suitable for a variety of businesses and redevelopment projects. This is a rare chance to acquire a substantial commercial property in a high-demand area.

Highlights

  • Sale Price: $7,149,000 ($127.77 PSF).
  • Building Size: 55,949 SF.
  • Redevelopment Potential.
  • Estimated Annual Operating Expenses: $7.50 PSF.
  • 4.141 Acres (Significant Excess Land).
  • Commercial Zoning (Opportunity Zone).

Property Details for 727 Utah Valley Dr

Property type
Office properties
Square Feet
55,949 SF
Class
B
Stories
3
Lot Size (sq. ft)
180,338 SF

Location Insight

City
American Fork
County
Utah
State
Utah
Latitude
40.3596746
Longitude
-111.7800044
727 Utah Valley Dr, American Fork, Utah

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
727 Utah Valley Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message