For Sale
$675,500

2230 University PkwyProvo, UT 84604

Utah Office Suites: Invest or Occupy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two leased, second-floor executive office suites totaling 3,248 square feet within the well-maintained Cottontree Square complex in Provo, Utah. Located at 2230 N University Pkwy, 84604, this Class B property boasts an attractive brick and wood exterior and ample surface parking. The suites, each approximately 1,792 square feet, feature a blend of private offices and open work areas, ideal for a variety of business needs. Currently under a 3-year lease, this property offers immediate cash flow potential. The asking price is $675,500, translating to $207.97 per square foot. The building is conveniently situated near University Place Mall, Brigham Young University, numerous restaurants and hotels, and the Provo River walking trail. Its prime location on University Parkway provides excellent visibility and accessibility, further enhanced by its proximity to a major public transportation stop. The meticulously landscaped grounds and common areas add to the overall appeal. This property offers a unique opportunity to either occupy one suite and lease the other, or to operate as a purely investment property with existing lease agreements in place. The building features an elevator for convenient access to the second floor. Renovations were completed in 2024. This is a turnkey opportunity for a savvy investor seeking a strong return in a desirable location.

Highlights

  • $675,500 asking price for a 3,248 square foot Class B office building in Provo, UT.
  • Two executive office suites totaling 3,248 square feet, each approximately 1,792 square feet.
  • Located at 2230 N University Pkwy, Provo, UT 84604, with ample surface parking.
  • Attractive brick and wood exterior with excellent access and visibility.
  • Recently renovated in 2024, with private offices and open work areas.
  • Immaculately maintained building and landscaping; currently multi-tenant (2 tenants) with a 3-year lease term.

Property Details for 2230 University Pkwy

Property type
Office properties
Square Feet
3,248 SF
Class
B
Year Renovated
2024
Units
2

Location Insight

City
Provo
County
Utah
State
Utah
Latitude
40.263605828457
Longitude
-111.66530827213
2230 University Pkwy, Provo, Utah

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2230 University Pkwy
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