242 N University Ave - Retail FOR SALE


Provo, UT 84601- Downtown Provo
$3,600,000 USD
435-881-7294
242 N University Ave, Provo, UT for Sale
$3,600,000 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

242 N University Ave
Provo, UT 84601
Downtown Provo


OVERVIEW

For sale is this 15,768 SF mixed-use building located in downtown Provo, UT. This is a rare opportunity to own a two-story asset directly on University Ave — one of the most heavily trafficked and recognizable corridors in Utah County. The property's flexible retail and office configuration makes it well-suited for owner-users or investors targeting a mix of ground-floor retail, restaurant, or storefront use alongside second-floor office space. With 16 off-street parking stalls, the building offers a parking ratio that's difficult to find in downtown Provo, easing a common pain point for tenants and customers alike. The property is located within walking distance of Provo's Downtown core, BYU, UVX Bus Stops, and the area's dense mix of restaurants, retail, and professional offices — offering strong visibility and steady foot and vehicle traffic. Please inquire for additional information or to schedule a time to tour.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

DT1

APN/PARCEL ID

05-036-0005,05:036:0006

ASK ABOUT THIS PROPERTY

Caden BryanAnderson CRGMore Info
435-881-7294

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Caden BryanAnderson CRGMore Info
435-881-7294

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