555 Geneva RdLindon, UT 84042

  • Other commercial real estate
  • 2,714 SF
For Sale
$15,499,999 View listing

Property Details for 555 Geneva Rd

Year built
2008
Lot size
5.29 AC
Property size (Sq ft)
2,714 SF
Property type
Other commercial real estate
APN
53-378-0007
APU
533780007

Description

This exceptional 59,781 square foot commercial retail property presents a unique investment opportunity in the thriving Lindon, Utah market. Situated on a 5.29-acre lot at the highly visible intersection of Geneva Road and 1600 North, this property benefits from significant exposure to a large volume of daily traffic. Its prominent location at the northeast corner of these two major commercial thoroughfares ensures optimal visibility and accessibility. Further enhancing its appeal, the property boasts prominent monument signage easily seen from Interstate-15, guaranteeing maximum brand exposure to a wide audience. The existing building is currently occupied by a diverse mix of tenants, including a Harley-Davidson dealership encompassing a retail showroom, parts and service department, and a motorcycle drivers' education classroom. Adding to the property's versatility, a Marley's Gourmet Sliders restaurant with both drive-through and dine-in options is also located on the premises. The second floor offers executive office space, while the basement provides substantial storage and kitchen preparation areas. This property offers a compelling blend of established tenants, high visibility, and significant development potential in a rapidly growing area, making it an ideal investment for discerning buyers seeking a strong return on investment. The property's size and diverse tenant mix provide a stable income stream and opportunities for future expansion or redevelopment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $824,884
    Hospitality
    $755,589
    Educational
    $628,641
    Medical
    $650,261
    Retail
    $977,886
555 Geneva Rd, Lindon, Utah

Location Insight

City
Lindon
County
Utah
State
Utah
Latitude
40.327
Longitude
-111.736
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
$57,228
-
-
$7,577,800
-
$3,822,800
$3,755,000
$7,577,800

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