485 Main StSpringville, UT 84663

Property Details for 485 Main St

Year built

1975

Lot size

0.09 AC

Property size (Sq ft)

594 SF

Property type

Office buildings

APN

34-222-0103

APU

342220103

Description

This exceptional 1,943 square foot medical office condo in Springville, Utah, presents a unique owner-user or investment opportunity. Located at 485 S Main St, this Class B building boasts a prime location, offering immediate access and high visibility from Main Street and convenient proximity to I-15. Originally built in 1975 and extensively renovated in 2020, the property features professional finishes throughout. The space was previously used as a dental office, making it ideally suited for a variety of medical practices. The building includes 34 parking spaces for ample client and staff convenience. The asking price is $300,000, representing a price per square foot of $180.61. A Net NNN lease is also available at $12.00 per square foot. This single-tenant, two-story building sits on APN 34:222:0303 and offers a rare combination of location, modern amenities, and functionality. The property is ready for immediate occupancy and presents a strong return on investment. Don't miss this chance to acquire a well-maintained, high-visibility medical office space in a thriving Utah County community.

• CAP approach

  CAP return

  Valuation

  6%

  $158,472

  6.5%

  $146,282

  7%

  $135,833

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,008

  Geo Method

  $119,008

• Alternative Use

  Use

  Valuation

  Residential

  $181,389

  Hospitality

  $166,152

  Educational

  $138,236

  Medical

  $142,990

  Retail

  $215,034

Location Insight

City

Springville

County

Utah

State

Utah

Latitude

40.1599

Longitude

-111.61

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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