340 E 1200 S - Restaurant FOR SALE


Orem, UT 84058- Westmore
$1,775,000 USD
801-449-3000
340 E 1200 S, Orem, UT for Sale
$1,775,000 USD
Restaurant - FOR SALE
1/29
null | Request Cap Rate

340 E 1200 S
Orem, UT 84058
Westmore


HIGHLIGHTS

  • Located near State Street and University Parkway
  • ADT 100,000
  • Open floor plan with vaulted ceilings

OVERVIEW

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 multiple directions. 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.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C2

APN/PARCEL ID

19-015-0044

ASK ABOUT THIS PROPERTY

Tim LongCENTURY 21 EverestMore Info
801-449-3000

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Tim LongCENTURY 21 EverestMore Info
801-449-3000

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