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Investment Highlights

  • Zoned SC3 - Regional Shopping Center
  • Adjacent to Over 400 New Class A Rental Units
  • All utilities at or adjacent to site.
  • Surrounded by ~90,000 SF of Restaurant, Retail, Office, & Medical
  • Located Between BYU & UVU (~84,000 Students)

Executive Summary

Available for Sale or Ground Lease.
Sale Price: $975,000
Ground Lease Rate: $80,000/yr NNN
All offers considered.

Financial Summary (Actual - 2025)

Annual Annual Per AC
Taxes $9,893 $15,956.45
Operating Expenses - -
Total Expenses $9,893 $15,956.45

Financial Summary (Actual - 2025)

Taxes
Annual $9,893
Annual Per AC $15,956.45
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $9,893
Annual Per AC $15,956.45

Property Facts

Price $975,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.62 AC
Zoning SC3 - Regional Shopping Center - https://provo.municipal.codes/Code/14.20

1 Lot Available

Lot

Price $975,000
Price Per AC $1,572,580.65
Lot Size 0.62 AC

Known as Lot #9 within the River's Edge at University. Parcel ID: 51:733:0009. County Measurement: 0.6246 Acres. Site plan attached in photos.

Description

Offering for Sale or Ground Lease is a rare ~0.63 retail pad site within the newly completed River's Edge Development — one of Utah Valley's most dynamic mixed-use destinations. This site has direct, unobstructed visibility to and from University Parkway. Strategically positioned along University Parkway, this premier commercial opportunity sits at the heart of a thriving corridor flanked by two of Utah's largest universities: Brigham Young University (~35,000 students) and Utah Valley University (~48,000 students), creating an unmatched, built-in consumer base of over 83,000 students within a 3.5-mile radius. The development features over 400 new Class A residential units on-site, ensuring consistent day-to-night foot traffic and a loyal, walkable customer base for future tenants. Surrounded by established retail, dining, medical, and offices uses, this pad is primed for a wide range of users. Provo continues to rank among the nation's top-performing metros, fueled by a young, educated workforce and a thriving tech economy anchored by companies like Vivint, NuSkin, and Qualtrics. River's Edge positions an incoming buyer or tenant to capitalize on this momentum from day one.

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

Property Taxes

Property Taxes

Parcel Number
51-733-0009
Land Assessment
$840,600
Improvements Assessment
$146,800
Total Assessment
$987,400
Annual Taxes
$9,893
Tax Year
2025
  • Listing ID: 40480327

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 402 W Rivers Edge Dr, Provo, UT 84604

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