26 State RdPleasant Grove, UT 84062

Property Details for 26 State Rd

Year built

1977

Lot size

0.21 AC

Property size (Sq ft)

1,343 SF

Property type

Office buildings

APN

03-007-0008

APU

30070008

Description

This exceptional 1,343 square foot commercial property is ideally situated on a prime corner lot in Pleasant Grove, Utah, at 26 E State Rd, zip code 84062. The single-tenant building presents a versatile opportunity for a variety of businesses. Its previous uses include a car lot and, historically, a fast-food restaurant, demonstrating its adaptability to diverse commercial ventures. The property's location ensures high visibility and accessibility, making it an attractive option for businesses seeking strong foot traffic and convenient access for customers. The building's size is well-suited for a range of retail, office, or special purpose uses, offering ample space for operations and potential expansion. The property is zoned for retail, office, and special purpose uses, providing flexibility for prospective buyers or tenants. This location offers excellent potential for a thriving business in a desirable Utah community. The property's history demonstrates its resilience and adaptability to changing market demands. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $356,613

  6.5%

  $329,181

  7%

  $305,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,070

  Geo Method

  $269,070

• Alternative Use

  Use

  Valuation

  Residential

  $408,185

  Hospitality

  $373,895

  Educational

  $311,076

  Medical

  $321,775

  Retail

  $483,897

Location Insight

City

Pleasant Grove

County

Utah

State

Utah

Latitude

40.3584

Longitude

-111.74

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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