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University Building 282-296 N University Ave 1,650 SF of Retail Space Available in Provo, UT 84601
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,650 SF | Negotiable | $34.82 CAD/SF/YR $2.90 CAD/SF/MO $57,455 CAD/YR $4,788 CAD/MO | Triple Net (NNN) |
1st Floor
Prime retail space available for lease in the heart of Provo, Utah — ideally positioned at 282 N University Ave, directly across the street from a UTA bus transit stop and within walking distance of Brigham Young University (BYU). This high-visibility location benefits from strong daily foot traffic driven by the BYU student population, faculty, and the surrounding downtown Provo community. The space offers 1,650 square feet of move-in ready retail on the ground floor, featuring hardwood-style flooring, track lighting, large street-facing windows, and a clean, modern interior. The space is divisible — it can be split into a 600 SF unit and a 1,050 SF unit to accommodate smaller tenants or flexible configurations. Base rent is $25.00/SF/year (NNN) for the full 1,650 SF. Higher rental rates apply for subdivided spaces. Please contact us for NNN expense details and subdivision pricing. This is an exceptional opportunity for retailers, boutiques, service providers, or any business seeking a high-foot-traffic downtown Provo location with outstanding BYU-area visibility.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Walking distance to BYU campus
- Across the street from UTA bus transit stop
- High foot traffic — downtown Provo location
- Divisible into 600 SF and 1,050 SF units
- Move-in ready with modern finishes
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,650 SF | Gross Leasable Area | 10,642 SF |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.8/1,000 SF |
| Total Space Available | 1,650 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,642 SF |
| Year Built | 1957 |
| Parking Ratio | 0.8/1,000 SF |
About the Property
282-296 N University Ave is a two-story, multi-tenant retail and office building located in the heart of downtown Provo, Utah. Known as the University Building, this well-established property sits on a high-visibility corridor directly adjacent to Brigham Young University (BYU), one of the largest universities in the country, providing a consistent and substantial customer base of students, faculty, and staff. The building features ground-floor retail storefronts with large display windows offering excellent street exposure along University Ave. The property benefits from strong daily foot traffic generated by BYU, neighboring businesses, and the surrounding downtown Provo community. A UTA bus transit stop is located directly across the street, making the property easily accessible for commuters and customers without a vehicle.
- Signage
- Signalized Intersection
Nearby Major Retailers
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University Building | 282-296 N University Ave
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