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Emily Hayes

CEO Emily Hayes Homes | Emily Hayes Homes | Keller Williams | PLACE

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140 N 100 E , American Fork, UT 84003
$1,495,000
Est. Payment: $3,322.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 214
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House Description

Exceptional development opportunity in the heart of American Fork! This property at 140 N 100 E is being sold together with the adjacent vacant parcel (Parcel #020390014, 126 N 100 E) for a combined total of 0.62 acres on the east side of 100 East between 100 North and 200 North. The primary parcel includes a 4,293 SF office building (2,557 SF above grade + 1,736 SF finished basement) built in 1975, with 25 parking stalls providing a strong 5.82:1,000 SF parking ratio. The adjacent parcel is 0.32 acres of vacant commercial land, ready for immediate development. Located within the R4-7500 zone, this combined site presents significant multifamily development potential. Under current zoning, multi-housing is a permitted use with the following development standards: maximum building height of 36 feet (30 feet for principal building); minimum lot area of 20,000 SF with the first four units, plus 3,000 SF required for each additional unit; front setback of 30 feet; rear setback of 25 feet; side setbacks of 10 feet; and maximum lot coverage of 50%. The combined 0.62 acres (approximately 27,007 SF) could accommodate a meaningful multifamily project under these standards. The property benefits from outstanding location fundamentals: just 1.5 blocks north of State Street, American Fork's primary commercial corridor; approximately 1.2 miles from the I-15/500 East interchange; proximity to the Silicon Slopes employment corridor; convenient access to shopping, restaurants, schools, and services; and bus transit available along State Street. The American Fork FrontRunner commuter rail station is approximately 1.8 miles from the site. The existing office building offers immediate owner-user or interim lease potential while entitlements are pursued, or the entire site can be cleared for ground-up development. Both parcels share common ownership and will be conveyed together. Buyer and buyer's agent to verify all information including but not limited to zoning, permitted uses, development standards, setbacks, building height, lot coverage, acreage, square footage, and any other material facts. Contact American Fork City Planning Department at (801) 763-3060 for current zoning verification. Square footage figures are provided as a courtesy estimate only and were obtained from Utah County Records . Buyer is advised to obtain an independent measurement.

Highlights

Listed by Bryant Bishop , 801-722-4687 40 North Real Estate , 801-722-4687.

Property Type

Commercial Sale

Lot/Acreage
0.62

Year Built

1975

County

Utah

Area

Am Fork; Hlnd; Lehi; Saratog.

Listing ID

2137277

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Furniture
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Tile
Other:
  • Alarm:Fire
  • Additional:Basement

Exterior Features

Lot Dimensions:143.0x190.0x136.0
Garage Capacity:0
Zoning:R47500
Roof:Asphalt,Flat,Pitched
Others:
  • Additional:Blt./Standing
Principal Interest
$3,322
Taxes
$592

Home Price

$1,495,000

Loan Details

30 yrs
%

Down Payment

20%
$299,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,322.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,322.22 $592.33 $0.00 $3,914.56
Yearly $39,866.67 $7,108.00 $0.00 $46,974.67
Total $1,196,000.00 $213,240.00 $0.00 $1,409,240.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (American Fork, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.