About This Home

This 0-bedroom, 0-bathroom commercial at 340 E 1200 S in Orem, UT is listed for $1,775,000. Built in 1970, on a 0.31 acres lot.

Key Features

  • Built in 1970
  • 0.31 acre lot

Property Details

1970

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$9,493/mo

20% down · 6.5% · 30 years

Principal$1,284
Interest$7,692
Insurance$518

Estimates only. Actual payments may vary.

Location

340 E 1200 S

Orem, UT 84058

CARILLON SQUARE

Features & Amenities

Interior Features

Floor DrainsBasementKitchenRestroom: Public

Exterior Features

Out Buildings

Property Details

Flooring

Tile

Heating

Natural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 340 E 1200 S is listed at $1,775,000. The estimated monthly payment is $9,493 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 0.31 acre lot. Interior Features: Floor Drains, Basement, Kitchen. Exterior Features: Out Buildings.

This property is listed by Tim Long and can be reached at 4357051279.

TL

Tim Long

Agent at Century 21 Everest

(435) 705-1279

Listed by Century 21 Everest · Broker phone: (801) 449-3000 · View on Broker Site

MLS# 2159132· Source: UtahRealEstate.com· 119 days on PropertySimple

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340 E 1200 S, Orem, UT 84058

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