525 850Lehi, UT 84043

  • Industrial properties
  • 65,573 SF
For Sale
$16,995,000 View listing

Property Details for 525 850

Year built
2013
Lot size
3.94 AC
Property size (Sq ft)
65,573 SF
Property type
Industrial properties
Property subtype
Other warehouses
APN
35-627-0001
APU
356270001

Description

This exceptional 65,573 square foot industrial property, situated on a 3.94-acre lot in Lehi, Utah, presents a unique investment opportunity. Built in 2013, this Class B building boasts a versatile design, suitable for a variety of uses including flex, warehouse, distribution, R&D, and professional office space. The property features a single, two-story building with currently 11,444 square feet of vacant space available for immediate occupancy. The multiple tenancy structure offers flexibility for various business needs. Located in the thriving Lehi submarket of Utah County, this property benefits from excellent access to major transportation routes, making it an ideal location for businesses requiring efficient logistics. The address is 525 S. 850 E, Lehi, UT 84043. This property offers a compelling combination of size, location, and functionality, making it an attractive option for businesses seeking to establish or expand their operations in a dynamic and growing market. The property's diverse zoning allows for a wide range of potential uses, catering to businesses with varying operational requirements. The ample lot size provides ample room for expansion or future development. This is a rare opportunity to secure a well-maintained, strategically located industrial property in a highly sought-after area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,929,886
    Hospitality
    $18,255,668
    Educational
    $15,188,502
    Medical
    $15,710,858
    Retail
    $23,626,558
525 850, Lehi, Utah

Location Insight

City
Lehi
County
Utah
State
Utah
Latitude
40.382
Longitude
-111.834
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
$128,283
-
-
$16,300,200
-
$1,749,900
$14,550,300
$16,300,200

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