785 200Lehi, UT 84043

Property Details for 785 200

Year built

1998

Lot size

1.65 AC

Property size (Sq ft)

20,799 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

45-214-0001

APU

452140001

Description

This exceptional restaurant space, totaling 925 square feet, is ideally situated in the vibrant Lehi Marketplace at 785 E 200 S, Lehi, UT 84043. The property, identified by APN 45:214:0001, offers a single, readily available unit perfect for a variety of culinary concepts. The space is currently vacant and ready for immediate occupancy. Its convenient location provides excellent visibility and accessibility. The Lehi Marketplace boasts a strong anchor tenant, Macey's Grocery, ensuring consistent foot traffic. Furthermore, the property benefits from its proximity to Lehi High School, creating a captive audience and potential for significant lunchtime business. The strategic location offers easy access to Interstate 15, enhancing accessibility for customers and employees alike. This is a rare opportunity to establish a thriving restaurant business in a high-traffic, well-established shopping center within a rapidly growing community. The entire 925 square feet is available for lease. This property is classified as a restaurant with a retail subtype and multiple tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $8,118,574

  6.5%

  $7,494,068

  7%

  $6,958,778

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,501,041

  Geo Method

  $10,501,041

• Alternative Use

  Use

  Valuation

  Residential

  $6,321,526

  Hospitality

  $5,790,484

  Educational

  $4,817,615

  Medical

  $4,983,300

  Retail

  $7,494,068

Location Insight

City

Lehi

County

Utah

State

Utah

Latitude

40.3864

Longitude

-111.836

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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