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485 S 100 E 4,984 SF 80% Leased Office Building Bountiful, UT 84010 $933,333 ($187.27/SF) 8.18% Cap Rate

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EXECUTIVE SUMMARY

Don't miss this renovated office building in a prominent Bountiful location situated on the highly visible corner of 500 South and 100 East, one of the area's most sought-after commercial hubs. The property consists of two separate rental units: A spacious 4,090 sq ft office building, and a charming 894 sq ft studio office in a separate carriage house. It is an amazing value with an estimated replacement cost of about $2,093,280 or about $420 a square foot. Off-street parking is available, including three newly added parking spots, three spots in the garage, and four additional spaces for a total of ten. There is also open parking available on 100 East for added convenience. This is an ideal owner-user opportunity: occupy the main office building and lease out the studio office for additional income. The office building has historic charm, having been previously featured in the Parade of Homes, while offering all the modern amenities a business needs to thrive, including high-speed internet and an ADA accessible ramp. Key features of the main office building include three Levels with a flexible layout, seven private offices, six entrances for easy access, two reception areas to accommodate multiple businesses, large common work space, kitchenette and laundry area, updated bathrooms, newer flooring and high-end finishes. The building is exceptionally well-appointed, with plantation shutters, iron railings, wood doors, and coffered ceilings. The grand entryway, features an oversized custom arched front door with leaded glass opening into an elegant staircase that sets the tone for the entire space. The main floor features three private offices (easily convertible to additional office spaces), a bathroom, two reception areas, a cozy nook, and three separate entrances. The lower level has tall ceilings and it includes three private offices, a bathroom, a large studio area with a kitchenette, laundry facilities, plus three additional entrances. The upper floor has a private executive office with vaulted ceilings, offering an ideal space for leadership. The separate studio office in the carriage house, complete with its own bathroom, can serve as an independent office or additional space for the main business. It offers flexibility as it can also be leased separately for added income. The seller also owns the adjacent duplex and will offer to sell it to the purchaser of the office building for approximately $550,000. This is a rare, one-of-a-kind property, perfect for businesses looking for a distinctive space with room for expansion. Buyer to verify all listing details and zoning information. The leases in place are a slightly modified NNN leases with the tenants covering most expenses. Please contact the listing agent for additional information and an update on the current leases.

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