252-266 E 100 S - Storefront Retail/Office CONDO FOR SALE


Santaquin, UT 84655
$480,000 USD
801-830-9232
252-266 E 100 S, Santaquin, UT for Sale
$480,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/13
null | Request Cap Rate

252-266 E 100 S
Santaquin, UT 84655


HIGHLIGHTS

  • Centennial Park’s 252-266 E 100 S presents commercial condo space for sale beneath multifamily residential units.
  • I-15’s central location enables Utah County’s southernmost city residents to commute to Provo faster than those in Payson or Spanish Fork.
  • With multifamily units above and surrounding, this future commercial tenant will have the ability to tap into a built-in customer pool.
  • The 2,508 SF condo is ideal for office or retail operations and is currently in shell condition, ready to accommodate its newest tenant.
  • Built in 2019, this modern space is ready for tenant improvements, making it ideal for a small business owner/user.

OVERVIEW

Colliers is pleased to present the Santaquin commercial condo unit within Centennial Park to the market. Built in 2019 and currently in shell condition, the 2,508-square-foot condo is ideal for owner/user acquisition. The space is ready to accommodate tenant improvements to be the perfect environment for office or retail storefront operations. The condo offers 10-foot ceilings and has separately metered utilities. Above the commercial space are multifamily apartment residences, providing a built-in customer base for the new commercial operations taking place below. Sidewalks line all of Santaquin’s scenic suburbs, but the stunning mountain views cannot be missed. Macey’s Grocery and ACE Hardware are Santaquin’s major retailers, but shopping centers and malls are a 22-mile straight shot up Interstate 15 in Provo and Orem. Rowley’s Red Barn is a local favorite for fresh fruit and jam, and their seasonal pumpkin patch always brings the community together. A handful of chain restaurants line Main Street, including Einstein Bro’s Bagels, Subway, McDonald’s, Little Ceasar’s, a local pizzeria, a burger restaurant, and a Mexican restaurant. Santaquin has become known as the emerging southern Utah County city, with many developments continuing to take place, proving this to be an ideal suburb to bring a new commercial tenant to. Utah’s lower business costs, lower tax rates, tax incentives, and relatively affordable real estate and labor continue to encourage positive employment and population growth. The 10 miles encompassing the commercial condo have a residential population of 65,077, which is expected to grow by 3.2% by 2028. The average household income surpasses $108,200, and annual consumer spending of $770.6M is generated back into the local economy—a stable and thriving community.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

10,032 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial Office

APN/PARCEL ID

65-550-0201,65-550-0202

ASK ABOUT THIS PROPERTY

Brandon HuntsmanColliers InternationalMore Info
801-830-9232

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Brandon HuntsmanColliers InternationalMore Info
801-830-9232

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