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282 Freedom Blvd - Downtown Provo University Land 3.49 Acres of Commercial Land Offered at $10,400,000 in Provo, UT 84601
Investment Highlights
- Zoning: DT2 (Downtown Core)
- Property Size: 3.49 AC
- Fully Graded & Mostly Paved
- Utilities Stubbed On-Site or Adjacent To Site
- In-Fill Development Land
- WALK SCORE - 92 Walker’s Paradise | TRANSIT SCORE - 49 Some Transit | BIKE SCORE: 77 - Very Bikeable
Executive Summary
Downtown Provo University Land offers one of the most compelling high-density development opportunities in Downtown Provo. The 3.49-acre infill site is a true blank canvas, benefiting from DT2 Downtown Core zoning, completed site improvements, and immediate access to Provo’s primary employment, retail, entertainment, transit, and university anchors. Conceptual planning demonstrates the site’s versatility through three distinct development scenarios—including student housing, multifamily, and mixed-use hotel/residential—providing developers the flexibility to execute a project that aligns with market demand while maximizing the site’s long-term value and highest-and-best use.
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Property Facts
| Price | $10,400,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.49 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | DT2 - Downtown Core | ||
| Price | $10,400,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.49 AC |
| Opportunity Zone |
Yes |
| Zoning | DT2 - Downtown Core |
1 Lot Available
Lot
| Price | $10,400,000 | Lot Size | 3.49 AC |
| Price Per AC | $2,979,942.69 |
| Price | $10,400,000 |
| Price Per AC | $2,979,942.69 |
| Lot Size | 3.49 AC |
Downtown Provo University Land offers one of the most compelling high-density development opportunities in Downtown Provo. The 3.49-acre infill site is a true blank canvas, benefiting from DT2 Downtown Core zoning & completed site improvements.
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $128,400 | |
| Land Assessment | $3,190,900 | Total Assessment | $3,319,300 |
Property Taxes
Parcel Numbers
Land Assessment
$3,190,900
Improvements Assessment
$128,400
Total Assessment
$3,319,300
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