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Investment Highlights

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

Executive Summary

Prime commercial opportunity in the heart of Orem located near the highly trafficked intersection of State Street and University Parkway. This 6,000 SF 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. 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 major thoroughfares. 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. 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.

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
6,124 SF
Building Class
B
Year Built/Renovated
1970/2006
Price
$2,636,420 CAD
Price Per SF
$430.51 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.31 AC
Zoning
C2
Parking
18 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage
134’ on 1200 S St

Amenities

  • Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

HOTWORX
Beans & Brews Coffee House
U.S. Bank
Arctic Circle
Outback Steakhouse
Chili's Grill & Bar
Smashburger
Tucanos Brazilian Grill
Bonchon
P.F. Chang's China Bistro

Property Taxes

Property Taxes

Parcel Number
19-015-0044
Land Assessment
$750,246 CAD (2025)
Improvements Assessment
$282,069 CAD (2025)
Total Assessment
$1,032,314 CAD (2025)
  • Listing ID: 41030527

  • Date on Market: 2026-06-23

  • Last Updated:

  • Address: 340 E 1200 S, Orem, UT 84058

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