55-65 N University Ave - Office FOR SALE


Provo, UT 84601- Downtown Provo
$11,900,000 USD
801-441-5924
55-65 N University Ave, Provo, UT for Sale
$11,900,000 USD
Office - FOR SALE
1/21
null | Request Cap Rate

55-65 N University Ave
Provo, UT 84601
Downtown Provo


HIGHLIGHTS

  • Downtown Provo Location with Exceptional Visibility
  • Extensive Capital Improvements Completed
  • Located in Utah's Top Economic Growth Corridor
  • Rare Redevelopment Potential: Mixed-Use Residential Tower

OVERVIEW

Provo Town Square (PTS) is an 89,951-square-foot retail and office building located in the heart of downtown Provo, Utah, presenting a compelling opportunity for value-add investors. Strategically positioned along the city’s primary thoroughfares and within close walking distance to Brigham Young University, the 2.21-acre property is currently 69% leased and offers immediate upside through lease-up and rent growth. Recent capital improvements have enhanced the building’s appeal, including modernized tenant suites, upgraded common areas, and preserved historic architectural details that maintain its unique character. A three-story on-site parking structure supports both tenant and visitor convenience—an uncommon amenity in the downtown core. Provo Town Square is located in the Provo-Orem metro area, which has been ranked the #1 "Best Performing City" for three consecutive years by the Milken Institute due to its strong job growth, wage increases, and rapidly expanding high-tech sector. The property’s central location drives consistent foot traffic and positions it to attract a wide range of retail and office tenants seeking visibility, accessibility, and strong community presence in one of Utah’s most economically dynamic and institutionally anchored markets.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$744 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Provo Town Square

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

243

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

DT1 (General Downtown)

APN/PARCEL ID

04:062:0001,04:062:0002,04:062:0003,04:062:0004,04:062:0005,04:062:0006,04:062:0008,04:062:0009,04:062:0010,04:062:0032,04:062:0033,04:062:0034,04:062:0037,04:062:0038,04:062:0041,04:062:0044

ASK ABOUT THIS PROPERTY

Grant LammersenColliersMore Info
801-441-5924

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Grant LammersenColliersMore Info
801-441-5924

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