55-65 N University Ave - Office FOR SALE


Provo, UT 84601- Downtown Provo
$10,250,000 USD
801-441-5924
55-65 N University Ave, Provo, UT for Sale
$10,250,000 USD
Office - FOR SALE
1/21
null | 6.2% Cap Rate

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


HIGHLIGHTS

  • Downtown Provo Location with Exceptional Visibility - Significant Value Add
  • 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 74% 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

$10,250,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

6.2%

% 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

04-062-0044

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 Notice.