785 200Lehi, UT 84043

  • Retail properties
  • 20,799 SF
For Lease
$28/SF/YR View listing

Property Details for 785 200

Year built
1998
Lot size
1.65 AC
Property size (Sq ft)
20,799 SF
Property type
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
785 200, Lehi, Utah

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

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
$26,563
-
-
$3,375,200
-
$1,613,800
$1,761,400
$3,375,200

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