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690 S State St

Orem, UT 84058
  • $7,500,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: 1779683
UPDATED: 20 min ago
$7,500,000
  • 0
    BEDS
  • 4.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1978
County:

School Ratings & Info

Description

2 properties in the Arts district of Orem are being sold together. 690 S State and 740 S State, Orem. Parcel numbers 18-051-0023 & 18-048-0015. Across from Scera Theatre. Entrance to property on both State and Orem Bl. Auto dealership rent automatically increases by 2% per year. Approx. 22,500 sq ft of warehouse and office space with ample parking. Strip Mall: Fully rented with most at 10 plus years of occupancy. Several units are month to month. Multi-use possible after February 9 when City council reviews temporary ordinance for moratorium now in place on City Center District zones.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-11-28T20:37:21.033. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.whiteoakhomes.com/homes/123231319
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690 S State St Orem, UT 84058

  • Price: $7,500,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 20 min ago
  • ID#: 1779683
0
Beds
0
Baths
0
½ Baths
4.86
Acres
1978
Built
Neighborhood:
Orem; Provo; Sundance
County:
Utah
Area:
Orem; Provo; Sundance
Property Description
2 properties in the Arts district of Orem are being sold together. 690 S State and 740 S State, Orem. Parcel numbers 18-051-0023 & 18-048-0015. Across from Scera Theatre. Entrance to property on both State and Orem Bl. Auto dealership rent automatically increases by 2% per year. Approx. 22,500 sq ft of warehouse and office space with ample parking. Strip Mall: Fully rented with most at 10 plus years of occupancy. Several units are month to month. Multi-use possible after February 9 when City council reviews temporary ordinance for moratorium now in place on City Center District zones.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Construction Status Blt./Standing Covered Spaces 0 Exterior Features Paved ParkingStorage Frontage Length 415.0 Garage YN No Horse Property YN Yes Lot Size Dimensions 415.0X0.0X350.0 Mobile Length 0 Mobile Width 0 Open Parking Spaces 0 Open Parking YN No Parking Total 0 Pool Private YN No Roof FlatMetalPitchedRubber Spa YN No View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 0 Basement Finished Percentage 0 Bathrooms One Quarter 0 Bathrooms Partial 0 Building Area Total 0 Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Forced AirNatural Gas Heating YN True Main Level Bedrooms 0 Rooms Total 0

Property Features

Association Fee 0 Association YN No Capitalization Rate 0 Current Use RetailOffice Irrigation Water Rights Acres 0 Lease Amount 0 Lease Considered YN No New Construction YN No Number Of Pads 0 Number Of Units Leased 0 Power Production Solar Year Install 0 Property Attached YN No Property Condition Blt./Standing Property Sub Type Retail Senior Community YN No Tax Annual Amount 49326 Utilities Gas: Natural

Listing provided courtesy of Mountainland Realty. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2021 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2021-11-28T20:37:21.033. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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The White Oak Team at Platinum Real Estate Group
965 S 100 W #105
Logan UT, 84321