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Investment Highlights

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

Executive Summary

A RARE OPPORTUNITY to acquire a freestanding 6,124 SF commercial building in one of Orem's most established retail corridors—with the flexibility to operate your own business, lease the property for income, or reposition the asset for another commercial use. This 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. The building was fully Rebuilt/Upgraded/Improved in and out in 2006. 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 multiple directions. 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. **An additional value-add opportunity exists for a buyer looking to expand the property's existing footprint. The current ownership has obtained city approval and developed plans for a vertical addition to the existing building, creating the potential to add additional space above the existing structure. See attachments for reference. 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.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,124 SF
Building Class
B
Year Built/Renovated
1970/2006
Price
$1,775,000
Price Per SF
$289.84
Tenancy
Single
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.31 AC
Zoning
C2 - C2 Commercial Zoning
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
Bank of America Mortgage
U.S. Bank
Arctic Circle
Outback Steakhouse
Noodles & Company
Texas Roadhouse
Tucanos Brazilian Grill
Bonchon

Property Taxes

Property Taxes

Parcel Number
19-015-0044
Land Assessment
$525,400
Improvements Assessment
$346,700
Total Assessment
$872,100
  • Listing ID: 41030527

  • Date on Market: 6/23/2026

  • Last Updated:

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

Contact the Sale Advisor

340 E 1200 S

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