520 Main StLehi, UT 84043

Property Details for 520 Main St

Year built

1998

Lot size

0.57 AC

Property size (Sq ft)

2,660 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

13-022-0051

APU

130220051

Description

This exceptional 0.72-acre commercial land parcel presents a unique investment opportunity in the vibrant city of Lehi, Utah. Strategically located at the corner of Lehi Main Street's historic district and 500 West, this property boasts unparalleled visibility and accessibility. The site benefits from high daily traffic counts, with Main Street registering 9,100 average daily trips and 500 West recording 6,400. Its convenient location offers quick access to both Interstate 15 and Crossroads Boulevard, ensuring excellent connectivity for businesses and customers alike. The property's classification includes both Land and Retail designations, providing flexibility for a wide range of commercial developments. This prime location within the thriving Lehi market, combined with its significant traffic exposure and convenient access to major transportation arteries, makes this a truly exceptional opportunity for investors seeking a high-impact commercial property in a rapidly growing area. The property is situated in Utah County, with the full address being 520 W Main St, Lehi, UT 84043. The lot size is precisely 0.72 acres, offering ample space for various commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $1,038,290

  6.5%

  $958,422

  7%

  $889,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,342,986

  Geo Method

  $1,342,986

• Alternative Use

  Use

  Valuation

  Residential

  $808,465

  Hospitality

  $740,549

  Educational

  $616,128

  Medical

  $637,318

  Retail

  $958,422

Location Insight

City

Lehi

County

Utah

State

Utah

Latitude

40.3878

Longitude

-111.858

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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