4161 Thanksgiving WayLehi, UT 84043

Property Details for 4161 Thanksgiving Way

Year built

2009

Lot size

1.45 AC

Property size (Sq ft)

19,960 SF

Property type

Retail properties

Property subtype

Strip malls

APN

58-002-0159

APU

580020159

Description

This exceptional retail property, located in Utah County, offers 8,800 square feet of commercial space in a Class B building. Currently, there is 1,590 square feet of immediately available space, perfect for a variety of retail businesses seeking a high-visibility location. The property is configured for multiple tenants, providing flexibility for businesses of different sizes. The existing building boasts a total of 8,800 square feet, indicating a strong established presence within the community. The available space presents a unique opportunity to establish or expand a retail operation in a thriving market. The 1,590 square foot vacant unit is ready for immediate occupancy, minimizing downtime and allowing for a swift start to operations. This property is ideally suited for businesses seeking a well-established location with existing infrastructure. Its location within Utah County offers access to a substantial customer base and strong regional economic activity. The property's Class B designation reflects a balance between affordability and functionality, making it an attractive option for businesses seeking a cost-effective yet well-maintained space. The multiple tenancy configuration allows for a diverse range of businesses to coexist, creating a vibrant and dynamic retail environment. This presents a compelling opportunity for businesses looking to establish a strong foothold in a desirable Utah County location. Serious inquiries are encouraged to explore this promising retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $7,751,616

  6.5%

  $7,155,338

  7%

  $6,644,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,077,445

  Geo Method

  $10,077,445

• Alternative Use

  Use

  Valuation

  Residential

  $6,035,796

  Hospitality

  $5,528,756

  Educational

  $4,599,860

  Medical

  $4,758,056

  Retail

  $7,155,338

Location Insight

City

Lehi

County

Utah

State

Utah

Latitude

40.439

Longitude

-111.9

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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