340 E 1200 S, Orem, UT 84058

$1,775,000

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List Price
$1,775,000
Status
ACTIVE
MLS#
2159132
Days on Market
114
Price Change
▼ $85,000 1784604084
Year Built
1970
Zoning
Commercial
Acres
0.31
Terms
Cash, Conventional, SBA
County
Utah
Region
Orem; Provo; Sundance
Subdivision
Carillon Square

Property Description

A RARE OPPORTUNITY to acquire a freestanding 6,124 SF commercial building in one of Orem's most established retail corridors-with the flexibility to operate your own business, lease the property for income, or reposition the asset for another commercial use. This standalone building offers approximately 3,000 SF on the main level and 3,000 SF on the lower level, providing flexible space for a variety of commercial uses including restaurant, retail, office, medical, or owner-user opportunities. The building was fully Rebuilt/Upgraded/Improved in and out in 2006. Positioned in one of Orem's most visible commercial corridors, the property benefits from exceptional exposure, high ADT, and strong surrounding demographics. Features include designated parking, prominent marquee signage for maximum visibility, and convenient access from major thoroughfares. Surrounded by national retailers, restaurants, and established businesses, this location offers outstanding accessibility and long-term growth potential in one of Utah County's busiest commercial districts. **An additional value-add opportunity exists for a buyer looking to expand the property's existing footprint. The current ownership has obtained city approval and developed plans for a vertical addition to the existing building, creating the potential to add additional space above the existing structure. See attachments for reference. Please DO NOT disturb the restaurant. Contact the agent for details to access the property. FF&E are negotiable- contact agent for details. Square footage figures are provided as a courtesy estimate only . Buyer is advised to obtain an independent measurement.

Additional Information

Taxes
$5,800
Exterior Features
Out Buildings
Interior Features
Floor Drains, Basement, Kitchen, Restroom: Public
Floor
Tile
Heating
Natural Gas
Roof
Wood

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Calculator source: Real Geeks

Listing courtesy of Century 21 Everest.

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