290 University AveProvo, UT 84601

Property Details for 290 University Ave

Year built

1944

Lot size

0.22 AC

Property size (Sq ft)

11,184 SF

Property type

Retail properties

Property subtype

Retail space

APN

05-036-0009

APU

50360009

Description

This exceptional office building, located at 290 N University Ave in Provo, Utah, offers a variety of flexible spaces ideal for businesses of all sizes. The 10,642 square foot building features a mix of creative and traditional office layouts, currently boasting 6,789 square feet of available space. The available space is divisible, with options including a first-floor suite of 1,634 square feet and a second-floor suite of 5,155 square feet. The building boasts modern amenities, including exposed ceilings that allow for abundant natural light, three conference rooms, eight private offices, and two breakrooms. There is also open space perfect for creating collaborative work areas and workstations. The property's prime location on University Avenue in Utah County provides excellent visibility and accessibility, complemented by ample parking for tenants and visitors. The lease rate is $21.00 per square foot, NNN. This is a fantastic opportunity to secure high-quality office space in a vibrant and convenient location. The building's multiple tenancy structure offers flexibility for various business needs. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,386,094

  6.5%

  $4,048,703

  7%

  $3,759,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,646,600

  Geo Method

  $5,646,600

• Alternative Use

  Use

  Valuation

  Residential

  $3,415,232

  Hospitality

  $3,128,334

  Educational

  $2,602,738

  Medical

  $2,692,250

  Retail

  $4,048,703

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2375

Longitude

-111.658

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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