For Sale
$1,193,000

424 800 Orem, UT 84057

Two Suites, Sale-Leaseback Option Available

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a Class B, single-story office building in Orem, Utah, ideally situated on a 0.093-acre lot (APN 49:591:0004). Built in 2003, the property features two traditional office suites totaling approximately 3,964 to 4,772 square feet, currently available for sale. Suite 201 encompasses 4,772 square feet, while Suite 202 offers 3,964 square feet. Each suite boasts a comprehensive layout including reception areas, kitchenettes, restrooms, cubicle workspaces, private offices, two conference rooms, and workrooms. The building is conveniently equipped with elevator access. The property is zoned C3 and benefits from a prime location near Timpanogos Hospital, numerous retail centers, and restaurants, with easy access to I-15. The asking price for the entire building is $1,193,000. A sale-leaseback option is available for the buyer, providing a flexible ownership structure. The occupancy date is February 1st, 2024. This multi-tenant property presents a compelling opportunity for owner-users seeking a strategic location and versatile office space. The gross lease structure simplifies management, making this an attractive investment for both seasoned and emerging investors.

Highlights

  • Class B, single-story office building totaling approximately 3,964 to 4,772 square feet on a 0.093-acre lot in Orem, Utah.
  • Built in 2003, the property features two suites (Suite 201: 4,772 SF, Suite 202: 3,964 SF), each with reception, kitchenettes, restrooms, private offices, conference rooms, and workrooms.
  • Elevator access, C3 zoning, and prime location near Timpanogos Hospital, retail, and I-15.
  • Asking price: $1,193,000. Sale-leaseback option available.
  • Occupancy date: February 1st, 2024.

Property Details for 424 800

Property type
Office properties
Square Feet
3,964 SF
Class
B
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
4,051 SF
Units
2

Location Insight

City
Orem
County
Utah
State
Utah
Latitude
40.313168319323
Longitude
-111.706320262

FAQs

What type of property is this?
Office property - Two Suites, Sale-Leaseback Option Available
Where is the office property located?
The property is located at 424 800 Orem, UT.
What is the asking price?
The asking price for this property is $1,193,000.
What are key features of this property?
This property features: Class B, single-story office building totaling approximately 3,964 to 4,772 square feet on a 0.093-acre lot in Orem, Utah.; Built in 2003, the property features two suites (Suite 201: 4,772 SF, Suite 202: 3,964 SF), each with reception, kitchenettes, restrooms, private offices, conference rooms, and workrooms.; Elevator access, C3 zoning, and prime location near Timpanogos Hospital, retail, and I-15.
How can I contact the broker?
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424 800
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