165 State StLindon, UT 84042

Property Details for 165 State St

Year built

1997

Lot size

0.91 AC

Property size (Sq ft)

6,821 SF

Property type

Retail properties

Property subtype

Retail space

APN

14-070-0339

APU

140700339

Description

This exceptional 6,821 square foot retail property, located at 165 S State St in Lindon, Utah, presents a unique investment opportunity. Situated on a 1.15-acre lot (APN: 14-070-0339 & 14-070-0260), this versatile space boasts high visibility and ample foot traffic due to its prime State Street location. The property, built in 1997 and zoned for commercial use, is currently vacant and offers a modified lease type. The building features a forklift, auto-lift, service bays, an alarm system, and security sighting, making it ideal for various uses, including an auto shop, storefront, or shopping center. The expansive paved parking lot can accommodate up to 200 vehicles. The property offers mountain and valley views and features a flat terrain. The asking price is $3,650,000. The current owner is willing to allow a couple of months to relocate after closing. All information should be verified by the buyer. Please respect the property and avoid disturbing any potential occupants during business hours.

• CAP approach

  CAP return

  Valuation

  6%

  $2,662,491

  6.5%

  $2,457,684

  7%

  $2,282,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,443,800

  Geo Method

  $3,443,800

• Alternative Use

  Use

  Valuation

  Residential

  $2,073,148

  Hospitality

  $1,898,993

  Educational

  $1,579,940

  Medical

  $1,634,276

  Retail

  $2,457,684

Location Insight

City

Lindon

County

Utah

State

Utah

Latitude

40.3343

Longitude

-111.713

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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