2520 University AveProvo, UT 84604

Property Details for 2520 University Ave

Year built

1990

Lot size

0.49 AC

Property size (Sq ft)

9,191 SF

Property type

Office properties

Property subtype

Office buildings

APN

36-355-0002

APU

363550002

Description

This exceptional two-story, 13,486 square foot medical and traditional office building is available for sale at $2,629,770 ($195 per square foot). Built in 1990, the property boasts a prime location on University Avenue, benefiting from high traffic volume (over 30,000 cars daily) and prominent monument signage opportunities. The building features an elevator and is ADA compliant, catering to diverse tenant needs. Currently, 5,350 square feet of space is vacant, offering immediate opportunities for lease or occupancy. Individual suites are available, with a minimum divisible space of 1,971 square feet and a maximum contiguous space of 3,379 square feet. Suite #250, measuring 2,659 square feet, is currently available for lease at $16.75 per square foot. The property's strategic location offers excellent visibility and proximity to Brigham Young University and the Riverside Country Club Golf Course, attracting a desirable professional clientele. The building's single structure comprises multiple tenancies, providing flexibility for various business models. The property's Assessed Parcel Number (APN) is 36:355:0002. This presents a compelling investment opportunity in a thriving area with strong potential for growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $2,452,028

  6.5%

  $2,263,410

  7%

  $2,101,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,841,417

  Geo Method

  $1,841,417

• Alternative Use

  Use

  Valuation

  Residential

  $2,806,629

  Hospitality

  $2,570,857

  Educational

  $2,138,923

  Medical

  $2,212,484

  Retail

  $3,327,214

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2669

Longitude

-111.657

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].