507 1000Spanish Fork, UT 84660

Property Details for 507 1000

Year built

2014

Lot size

1.04 AC

Property size (Sq ft)

6,844 SF

Property type

Turn key restaurants

APN

65-565-0007

APU

655650007

Description

This exceptional retail space, located within the prominent Canyon Creek Shopping Center in Spanish Fork, Utah, presents a unique sublease opportunity. The property boasts a total building size of 679,844 square feet, offering ample space and high visibility within a thriving commercial area. This single-tenant space comprises 1,326 square feet, ideal for a variety of retail businesses seeking a well-established location. Situated at 507 - 529 East 1000 North, Spanish Fork, UT 84660, the property benefits from excellent accessibility and high foot traffic. The building is located in Utah County, providing access to a robust local market. The property's strategic location within the Canyon Creek Shopping Center ensures high visibility and exposure to a large customer base. This sublease opportunity allows for immediate occupancy, eliminating the need for extensive renovations or build-outs. The property is classified as retail commercial space, making it suitable for a wide range of retail operations. With only 1,326 square feet currently vacant, this is a rare opportunity to secure a prime location in a successful shopping center. The property's coordinates are 40.1238299 latitude and -111.6451352 longitude. This sublease presents a compelling opportunity for businesses seeking a ready-to-occupy space in a high-traffic retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,684,072

  6.5%

  $2,477,605

  7%

  $2,300,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,455,412

  Geo Method

  $3,455,412

• Alternative Use

  Use

  Valuation

  Residential

  $2,089,953

  Hospitality

  $1,914,386

  Educational

  $1,592,746

  Medical

  $1,647,523

  Retail

  $2,477,605

Location Insight

City

Spanish Fork

County

Utah

State

Utah

Latitude

40.124

Longitude

-111.646

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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