455 University AveProvo, UT 84601

Property Details for 455 University Ave

Year built

1960

Lot size

0.52 AC

Property size (Sq ft)

23,048 SF

Property type

Retail space

APN

04-105-0024

APU

41050024

Description

This exceptional 5,200 square foot office building in Provo, Utah, presents a unique investment opportunity. Located at 455 N University Ave, 84601, this property offers flexible space options suitable for a variety of businesses. The building, constructed in 1970, sits on a 0.67-acre lot and is currently fully vacant, providing immediate occupancy for a new tenant. The space is available as a whole (5,200 square feet) or can be subdivided to accommodate smaller tenants, with a minimum divisible space of 250 square feet. This allows for significant adaptability to suit diverse business needs and sizes. The property is classified as both traditional office space and coworking space, catering to a broad range of potential occupants. Its central location in Provo, Utah County, offers excellent accessibility and visibility. The building's total square footage is 5,200 square feet, providing ample room for expansion or multiple tenants. This is a rare opportunity to secure a well-located, versatile office space in a thriving Utah market. The property's multiple tenancy option allows for diverse income streams and potential for long-term growth. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $9,038,868

  6.5%

  $8,343,570

  7%

  $7,747,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,636,520

  Geo Method

  $11,636,520

• Alternative Use

  Use

  Valuation

  Residential

  $7,038,114

  Hospitality

  $6,446,874

  Educational

  $5,363,724

  Medical

  $5,548,190

  Retail

  $8,343,570

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2399

Longitude

-111.659

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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