236 Main StSpringville, UT 84663

Property Details for 236 Main St

Year built

1930

Lot size

0.12 AC

Property size (Sq ft)

2,633 SF

Property type

Retail properties

Property subtype

Retail space

APN

06-012-0038

APU

60120038

Description

This exceptional Springville retail property, located at 236 S Main St, offers 4,135 square feet of commercial space in a highly visible Main Street location, ensuring significant foot traffic. Built in 1930, this property boasts four buildings situated on a 0.12-acre lot. Currently 100% occupied under a NNN lease with a single tenant, the asking price is $750,000. The main floor features a kitchen, shower, washer/dryer, spacious office areas, and large great rooms. Additional space is available downstairs, also featuring a private shower room. A full basement offers further potential for development. The property has undergone professional remodeling, resulting in an open floor plan (floor plan available upon request). The current lease agreement includes rates of $18 per square foot annually for the upstairs space and $12 per square foot annually for the downstairs area. This meticulously maintained property presents a remarkable opportunity for a variety of businesses seeking a prominent Springville location. The property's excellent condition and versatile layout offer endless possibilities for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,032,604

  6.5%

  $953,173

  7%

  $885,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,329,354

  Geo Method

  $1,329,354

• Alternative Use

  Use

  Valuation

  Residential

  $804,037

  Hospitality

  $736,494

  Educational

  $612,754

  Medical

  $633,828

  Retail

  $953,173

Location Insight

City

Springville

County

Utah

State

Utah

Latitude

40.1634

Longitude

-111.611

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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