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63 N 300 E 3,560 SF 59% Leased Office Building Provo, UT 84606 $675,000 ($189.61/SF) 6% Cap Rate
Executive Summary
Rare mixed-use investment opportunity in the heart of downtown Provo, just off Center Street. Approved mixed-use, this versatile property offers multiple possibilities for office, residential, or a combination of both. It is currently configured to accommodate one or two business tenants, but the upstairs, basement, or both may also be used as residential space, providing excellent flexibility for an owner-user, investor, live/work arrangement, or future redevelopment. The main floor features three private offices, two bathrooms, washer/dryer hook ups, and a spacious conference room. Upstairs includes a large open area and three additional private offices. The basement offers, five offices, a bathroom with a shower, and a kitchenette, making it well suited for residential conversion, additional office space, or a separate tenant. The property also includes parking for more than 12 vehicles behind the building, along with separate front entrances to the main floor and basement. The main floor is currently tenant-occupied through November, offering immediate income while a new owner plans the property's future use. With its downtown Provo location, flexible mixed-use approval, generous parking, and multiple occupancy options, this is a unique opportunity with significant potential
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$53,396
|
$15.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$53,396
|
$15.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,151
|
$3.69
|
| Net Operating Income |
$40,245
|
$11.30
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $53,396 |
| Annual Per SF | $15.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $53,396 |
| Annual Per SF | $15.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,151 |
| Annual Per SF | $3.69 |
| Net Operating Income | |
|---|---|
| Annual | $40,245 |
| Annual Per SF | $11.30 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,560 SF
Building Class
C
Year Built/Renovated
1910/2023
Price
$675,000
Price Per SF
$189.61
Cap Rate
6%
NOI
$40,500
Percent Leased
59%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,187 SF
Building FAR
0.31
Lot Size
0.26 AC
Zoning
MU - Mixed Use
Parking
12 Spaces (3.37 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Tangible Mental Health
- Health Care and Social Assistance
- -
- -
- -
- The Utah Birth Place
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Tangible Mental Health | Health Care and Social Assistance | - | - | - | ||
| The Utah Birth Place | Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Move your business to this terrific, centrally located office building just off Center Street in downtown Provo. This space has 5 offices, reception area, with a kitchenette and bathroom with shower. You will not find better space for this price. This office comes with plenty of parking and a very quiet area for focused work. This space has been used by health care professionals but would great for a technology company or any small business wanting more space for a great price. Call the agent to schedule a time to see this space.
| Space | Size | Space Use | Build-Out | Available |
| Lower Level | 1,477 SF | Office | - | Now |
Lower Level
| Size |
| 1,477 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Lower Level
| Size | 1,477 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Move your business to this terrific, centrally located office building just off Center Street in downtown Provo. This space has 5 offices, reception area, with a kitchenette and bathroom with shower. You will not find better space for this price. This office comes with plenty of parking and a very quiet area for focused work. This space has been used by health care professionals but would great for a technology company or any small business wanting more space for a great price. Call the agent to schedule a time to see this space.
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Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-026-0015 | Improvements Assessment | $394,700 |
| Land Assessment | $240,300 | Total Assessment | $635,000 |
Property Taxes
Parcel Number
05-026-0015
Land Assessment
$240,300
Improvements Assessment
$394,700
Total Assessment
$635,000
1 of 37
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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