1106 1680Orem, UT 84058

Property Details for 1106 1680

Year built

1999

Lot size

0.15 AC

Property size (Sq ft)

6,500 SF

Property type

Industrial properties

Property subtype

Other industrial properties

APN

48-218-0013

APU

482180013

Description

This exceptional 9,525-square-foot light industrial condo in Orem, Utah, presents a compelling owner-user or investment opportunity. Located at 1106 S 1680 W, this Class B, single-unit warehouse boasts a desirable 7.22% pro-forma cap rate and a strong pro-forma NOI of $137,160. Built in 1999, the two-story building features an 18-foot clear ceiling height, two 12' x 14' grade-level roll-up doors with drive-through access, and a fenced yard. The property also includes a substantial 825-amp, 3-phase power system and a professionally installed mezzanine. A key advantage is the inclusion of a high-quality paint booth equipped with an 8-foot roll-up door, adding significant versatility. The asking price is $1,900,000, translating to $199.48 per square foot. The 0.149-acre lot is situated in a prime Orem location, offering convenient access to major transportation routes. Currently vacant, this property is ideal for a business seeking a functional and well-equipped space or an investor looking for a strong return. The property's APN is 482180013. This is a rare opportunity to acquire a well-maintained, versatile industrial space in a thriving Utah County market.

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.2769

Longitude

-111.736

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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