1190 N Main St - Retail FOR SALE


Springville, UT 84663
$3,150,000 USD
385-866-3007
1190 N Main St, Springville, UT for Sale
$3,150,000 USD
Retail - FOR SALE
1/16
null | 7.27% Cap Rate

1190 N Main St
Springville, UT 84663


HIGHLIGHTS

  • 35,000 ADT
  • Brand New Roof
  • 10 Units renovated in 2025
  • 100% occupied

OVERVIEW

Spring Hills Plaza Located at 1190 N. Main St., Springville, UT 84663 Spring ills Plaza presents an excellent investment opportunity with immediate cash flow. Situated in a high-visibility location with 35,000 ADT, this commercial retail property benefits from the upcoming Springville Gateway Project, set to enhance area appeal and property values. Brand new roof installed in 2024, 10 Units renovated, large issues have been paid for and fixed. Offering a cap rate of 7.27%, this property comprises 12,252 SF of retail space on 0.685 AC of land. With a diverse tenant mix including businesses like Natural Nails, Dog Groomers, and Northern Title, Auto Dealers and Barbershops the property has not had any problem with occupancy for 20 years. There is still some great upside in the building and can increase rents upon purchase. Don't miss the chance to capitalize on the high-upside location and value growth potential of Spring Hills Plaza. This property presents a rare opportunity to invest in a growing, revitalized commercial corridor, ensuring both short-term income and long-term appreciation.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spring Hills Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C

APN/PARCEL ID

52-803-0002

ASK ABOUT THIS PROPERTY

Bryant ParkerColliersMore Info
385-866-3007

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Bryant ParkerColliersMore Info
385-866-3007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.