2200 1200Lehi, UT 84043

  • Commercial real estate
  • 50,299 SF
For Sale
$20,994,040 View listing

Property Details for 2200 1200

Year built
1956
Lot size
12.70 AC
Property size (Sq ft)
50,299 SF
Property type
Commercial real estate
APN
12-021-0142
APU
120210142

Description

This exceptional 21.36-square-foot commercial land parcel presents a unique investment opportunity in the thriving city of Lehi, Utah. Located at 2200 N 1200 W, Lehi, UT 84043 (40.4172893, -111.8685027), this property boasts a strategic location within Utah County, offering significant potential for development. The asking price is $20,994,040, translating to a land value of $22.56 per square foot. Given its size and prime location, this property is ideal for a variety of commercial ventures. The property's relatively small size may be particularly attractive to developers seeking a focused project or those looking for a strategic addition to an existing portfolio. The address is easily accessible, providing convenient access for both employees and customers. Further due diligence is recommended to fully assess the development potential and zoning regulations applicable to this property. This is a rare opportunity to acquire a commercial land parcel in a rapidly growing area of Utah County, offering significant long-term investment potential. Interested parties should act quickly to secure this exceptional offering. The property is currently listed for sale.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,210,205
    Hospitality
    $13,932,466
    Educational
    $11,591,648
    Medical
    $11,990,302
    Retail
    $18,031,452

Location Insight

City
Lehi
County
Utah
State
Utah
Latitude
40.4162
Longitude
-111.867
CBSA code
39340
CBSA name
PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$65,874
-
-
$8,131,600
-
$8,129,200
$2,400
$8,131,600

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