340 E 1200 SOrem, UT 84058

Description

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 major thoroughfares. 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 Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1970

Building area

6,124 Sq Ft

Lot size

0.31 acres

Lot dimensions

0.0x0.0x0.0

Zoning

Commercial

Days on market

143

MLS^® Listing#

2159132

Property Features

Cooling

Central Air

Heating

Natural Gas

Flooring

Tile

Roof

Wood

Windows

Window Coverings · Blinds

Other structures

Outbuilding

Utilities

Natural Gas Available

Financial Details

HOA

None

Annual taxes

$5,800

Parcel number

19-015-0044