255 100Provo, UT 84606

Property Details for 255 100

Year built

1907

Lot size

0.19 AC

Property size (Sq ft)

2,960 SF

Property type

Office properties

Property subtype

Office buildings

APN

05-023-0005

APU

50230005

Description

This beautifully remodeled freestanding office building in downtown Provo, Utah, presents a unique owner-user opportunity. The 2,960 square-foot space is ideally suited for a creative business, boasting a thoughtful layout across two levels. The main level features a welcoming reception area, a dedicated conference room, two private offices, an open office area perfect for collaboration, and a restroom. Upstairs, find five additional private offices, a convenient breakroom, and another restroom. The building also includes an unfinished basement, offering valuable storage space (not included in the 2,960 square foot rentable area). Ample additional parking is available behind the building, providing convenience for employees and clients. Located at 255 E 100 S St, Provo, UT 84606, this property sits on a 0.19-acre lot and offers exceptional walkability to a wide array of downtown amenities. The asking price is $750,000, translating to $253 per square foot. This represents a compelling investment opportunity for a business seeking a well-appointed and conveniently located office space in a thriving urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $789,688

  6.5%

  $728,942

  7%

  $676,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $593,036

  Geo Method

  $593,036

• Alternative Use

  Use

  Valuation

  Residential

  $903,889

  Hospitality

  $827,957

  Educational

  $688,851

  Medical

  $712,541

  Retail

  $1,071,546

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2327

Longitude

-111.654

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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