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Investment Highlights

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

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
89,951 SF
Building Class
B
Year Built
1888
Price
$16,740,088 CAD
Price Per SF
$186.10 CAD
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,000 SF
Building FAR
0.93
Lot Size
2.21 AC
Opportunity Zone
Yes
Zoning
DT1 (General Downtown) - Commercial Zoning
Parking
243 Spaces (7.15 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 145-150
  • 2,045 SF
  • Retail
  • -
  • Now
  • 1st Fl-Ste Lower Level- 4
  • 2,306 SF
  • Office/Retail
  • -
  • Now
  • 1st Fl-Ste Lower Level- 6
  • 1,249 SF
  • Office/Retail
  • -
  • Now
  • 2nd Fl-Ste 201
  • 1,832 SF
  • Office
  • Partial Build-Out
  • Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

  • 2nd Fl-Ste 203
  • 2,029 SF
  • Office
  • Partial Build-Out
  • Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

  • 2nd Fl-Ste 207
  • 2,911 SF
  • Office
  • Partial Build-Out
  • Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

  • 2nd Fl-Ste 211
  • 498 SF
  • Office
  • Partial Build-Out
  • Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

  • 2nd Fl-Ste 213
  • 1,500 SF
  • Office
  • Partial Build-Out
  • Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

  • 2nd Fl-Ste 217
  • 1,292 SF
  • Office
  • Partial Build-Out
  • Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

  • 2nd Fl-Ste 219
  • 1,387 SF
  • Office
  • -
  • Now
  • 2nd Fl-Ste 230B
  • 58 SF
  • Office
  • Full Build-Out
  • Now

Executive Suite -$500/month FS

  • 2nd Fl-Ste 230C
  • 58 SF
  • Office
  • Full Build-Out
  • Now

Executive Suite -$500/month FS

  • 2nd Fl-Ste 230D
  • 58 SF
  • Office
  • Full Build-Out
  • Now

Executive Suite -$500/month FS

Space Size Space Use Build-Out Available
1st Fl-Ste 145-150 2,045 SF Retail - Now
1st Fl-Ste Lower Level- 4 2,306 SF Office/Retail - Now
1st Fl-Ste Lower Level- 6 1,249 SF Office/Retail - Now
2nd Fl-Ste 201 1,832 SF Office Partial Build-Out Now
2nd Fl-Ste 203 2,029 SF Office Partial Build-Out Now
2nd Fl-Ste 207 2,911 SF Office Partial Build-Out Now
2nd Fl-Ste 211 498 SF Office Partial Build-Out Now
2nd Fl-Ste 213 1,500 SF Office Partial Build-Out Now
2nd Fl-Ste 217 1,292 SF Office Partial Build-Out Now
2nd Fl-Ste 219 1,387 SF Office - Now
2nd Fl-Ste 230B 58 SF Office Full Build-Out Now
2nd Fl-Ste 230C 58 SF Office Full Build-Out Now
2nd Fl-Ste 230D 58 SF Office Full Build-Out Now

1st Fl-Ste 145-150

Size
2,045 SF
Space Use
Retail
Build-Out
-
Available
Now

1st Fl-Ste Lower Level- 4

Size
2,306 SF
Space Use
Office/Retail
Build-Out
-
Available
Now

1st Fl-Ste Lower Level- 6

Size
1,249 SF
Space Use
Office/Retail
Build-Out
-
Available
Now

2nd Fl-Ste 201

Size
1,832 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 203

Size
2,029 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 207

Size
2,911 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 211

Size
498 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 213

Size
1,500 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 217

Size
1,292 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 219

Size
1,387 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Fl-Ste 230B

Size
58 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 230C

Size
58 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 230D

Size
58 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste 201

Size 1,832 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

2nd Fl-Ste 203

Size 2,029 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

2nd Fl-Ste 207

Size 2,911 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

2nd Fl-Ste 211

Size 498 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

2nd Fl-Ste 213

Size 1,500 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

2nd Fl-Ste 217

Size 1,292 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

• Historic Elegance: Charming, architecturally significant building with preserved vintage details. • Prime Location: Centrally located in downtown Provo with excellent visibility and easy access to major roads and public transportation. • Flexible Office Spaces: A range of office configurations to suit diverse business needs. • Modern Amenities: Equipped with high-speed internet, contemporary HVAC systems, and updated facilities. • Professional Environment: Prestigious address enhancing your company’s image. • Convenient Parking: Ample on-site 3-level parking structure available for tenants and visitors, ensuring hasslefree access. • Community Integration: Close proximity to local dining, shopping, and cultural attractions. • Recently Remodeled • Across from NuSkin and LDS Temple

2nd Fl-Ste 230B

Size 58 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Executive Suite -$500/month FS

2nd Fl-Ste 230C

Size 58 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Executive Suite -$500/month FS

2nd Fl-Ste 230D

Size 58 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Executive Suite -$500/month FS

Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
04-062-0044
Land Assessment
$3,798,773 CAD
Improvements Assessment
$13,343,460 CAD
Total Assessment
$17,142,233 CAD
  • Listing ID: 37241502

  • Date on Market: 2025-08-12

  • Last Updated:

  • Address: 55-65 N University Ave, Provo, UT 84601

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