1374 American WayPayson, UT 84651

Property Details for 1374 American Way

Year built

2018

Lot size

3.71 AC

Property size (Sq ft)

31,504 SF

Property type

Industrial properties

APN

49-876-0004

APU

498760004

Description

This exceptional Class A industrial property, located at 1374 W American Way in Payson, Utah, presents a unique investment opportunity. Boasting 55,625 square feet of net rentable space, this 2019-built, two-story building offers a versatile layout ideal for a variety of uses. The flex space includes 31,250 square feet on the ground floor and 24,375 square feet on the second level, perfectly suited for warehouse operations and office functions. The property features four dock-high doors, one ground-level door, and ample parking for 150+ vehicles. High-end office finishes are complemented by extensive amenities including two elevators, three conference rooms, a large auditorium, and two spacious breakrooms. The building is equipped with heavy power (3-phase 2000 Amps) and a 26-foot ceiling height. The property is currently vacant and zoned for light industrial use. With a pro-forma cap rate of 7.50% and an asking price of $9,000,000 ($161.80 per square foot), this NNN lease property represents a strong investment in a thriving Utah County location. The APN is 49:876:0004. This is a single-unit building with significant potential for a variety of businesses. The retail/showroom space adds to the property's versatility.

• Alternative Use

  Use

  Valuation

  Residential

  $9,620,435

  Hospitality

  $8,812,266

  Educational

  $7,331,702

  Medical

  $7,583,850

  Retail

  $11,404,870

Location Insight

City

Payson

County

Utah

State

Utah

Latitude

40.0408

Longitude

-111.757

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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