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Emily Hayes

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

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340 E 1200 S , Orem, UT 84058
$1,775,000
Est. Payment: $3,944.44/mo
0 Bed
0 Bath
6124 Sqft
Status: Active | Days on site: 83
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House 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.

Highlights

Listed by Tim Long , 435-705-1279 Century 21 Everest , 801-449-3000.

Property Type

Commercial Sale

Lot/Acreage
0.31

Year Built

1970

County

Utah

Area

Orem; Provo; Sundance

Neighborhood

Carillon Square

Listing ID

2159132

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Tile
Other:
  • Restroom:Public
  • Additional:Floor Drains, Basement, Kitchen

Exterior Features

Lot Dimensions:0.0x0.0x0.0
Garage Capacity:0
Zoning:C2
Roof:Wood
Others:
  • Additional:Out Buildings, Blt./Standing
Principal Interest
$3,944
Taxes
$483

Home Price

$1,775,000

Loan Details

30 yrs
%

Down Payment

20%
$355,000
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:
$3,944.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,944.44 $483.33 $0.00 $4,427.78
Yearly $47,333.33 $5,800.00 $0.00 $53,133.33
Total $1,420,000.00 $174,000.00 $0.00 $1,594,000.00

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 (Orem, 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.