140 N 100 EAmerican Fork, UT 84003

Description

Exceptional development opportunity in the heart of American Fork! This property at 140 N 100 E is being sold together with the adjacent vacant parcel (Parcel #020390014, 126 N 100 E) for a combined total of 0.62 acres on the east side of 100 East between 100 North and 200 North. The primary parcel includes a 4,293 SF office building (2,557 SF above grade + 1,736 SF finished basement) built in 1975, with 25 parking stalls providing a strong 5.82:1,000 SF parking ratio. The adjacent parcel is 0.32 acres of vacant commercial land, ready for immediate development. Located within the R4-7500 zone, this combined site presents significant multifamily development potential. Under current zoning, multi-housing is a permitted use with the following development standards: maximum building height of 36 feet (30 feet for principal building); minimum lot area of 20,000 SF with the first four units, plus 3,000 SF required for each additional unit; front setback of 30 feet; rear setback of 25 feet; side setbacks of 10 feet; and maximum lot coverage of 50%. The combined 0.62 acres (approximately 27,007 SF) could accommodate a meaningful multifamily project under these standards. The property benefits from outstanding location fundamentals: just 1.5 blocks north of State Street, American Fork's primary commercial corridor; approximately 1.2 miles from the I-15/500 East interchange; proximity to the Silicon Slopes employment corridor; convenient access to shopping, restaurants, schools, and services; and bus transit available along State Street. The American Fork FrontRunner commuter rail station is approximately 1.8 miles from the site. The existing office building offers immediate owner-user or interim lease potential while entitlements are pursued, or the entire site can be cleared for ground-up development. Both parcels share common ownership and will be conveyed together. Buyer and buyer's agent to verify all information including but not limited to zoning, permitted uses, development standards, setbacks, building height, lot coverage, acreage, square footage, and any other material facts. Contact American Fork City Planning Department at (801) 763-3060 for current zoning verification. Square footage figures are provided as a courtesy estimate only and were obtained from Utah County Records . Buyer is advised to obtain an independent measurement.

Property Information

Property type

Commercial Sale

Sub-type

Office

Year built

1975

Building area

4,293 Sq Ft

Lot size

0.62 acres

Lot dimensions

143.0x190.0x136.0

Zoning

Single-Family, Multi-Fami

Days on market

240

MLS^® Listing#

2137277

Property Features

Cooling

Central Air

Heating

Forced Air

Flooring

Carpet · Tile

Roof

Asphalt · Flat

Windows

Window Coverings · Blinds

Security

Fire Alarm

Utilities

Natural Gas Available

Financial Details

HOA

None

Annual taxes

$7,108

Parcel number

02-039-0013

Directions

https://my.matterport.com/show/?m=xg5eFmoTtRz