1865 Pleasant Grove BlvdPleasant Grove, UT 84062

Property Details for 1865 Pleasant Grove Blvd

Year built

2019

Lot size

1.39 AC

Property size (Sq ft)

11,429 SF

Property type

Retail properties

Property subtype

Strip malls

APN

54-376-0021

APU

543760021

Description

Valley Grove Community Center offers 19,102 square feet of retail space in Pleasant Grove, Utah County. Currently, 17,002 square feet is vacant, offering significant opportunity for multiple tenants. The property sits on a 6.5-acre lot and features a single-story building with spaces ranging from a minimum of 7,625 square feet to a maximum contiguous space of 9,377 square feet. This prime retail location boasts high visibility and traffic, exceeding 60,000 average daily traffic counts (ADT), and benefits from its placement at a lighted intersection. Easy access to Interstate I-15 ensures convenient access for customers and employees. The property offers both pad and shop space options, and a drive-thru is available for suitable tenants. A significant advantage is its proximity to a proposed 100,000 square foot convention center with over 500 hotel rooms, promising increased foot traffic and potential synergy. This presents a unique opportunity for businesses seeking high-traffic exposure in a rapidly growing area. The property's size and layout provide flexibility for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,461,156

  6.5%

  $4,117,990

  7%

  $3,823,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,770,296

  Geo Method

  $5,770,296

• Alternative Use

  Use

  Valuation

  Residential

  $3,473,678

  Hospitality

  $3,181,871

  Educational

  $2,647,279

  Medical

  $2,738,323

  Retail

  $4,117,990

Location Insight

City

Pleasant Grove

County

Utah

State

Utah

Latitude

40.3528

Longitude

-111.764

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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