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    55 N University Ave Provo, UT 84601

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    For Sale
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    89,951 SF retail and office building in Provo, Utah.

    Property size:
    89,951 SF
    Lot size:
    1.02 Acres

    Property Features for 55 N University Ave

    General Information

    Size
    89,951 SF
    Lot size
    1.02 Acres

    Source: Colliers | Salt Lake City Downtown Agent Grant Lammersen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Provo Retail and Office

    Located in downtown Provo, Utah, Provo Town Square is an 89,951-square-foot retail and office building. Situated on 2.21 acres, the property is strategically positioned along the city’s primary thoroughfares and within walking distance of Brigham Young University. The building is currently 69% leased and offers upside through lease-up and rent growth. Capital improvements include modernized tenant suites and upgraded common areas, preserving historic architectural details. A three-story on-site parking structure supports tenant and visitor convenience. Provo Town Square is located in the Provo-Orem metro area, which has been ranked the #1 "Best Performing City" for three consecutive years by the Milken Institute due to its strong job growth, wage increases, and rapidly expanding high-tech sector. The property’s central location drives consistent foot traffic and positions it to attract a wide range of retail and office tenants seeking visibility, accessibility, and strong community presence.
    Location Intelligence

    Current Use by Public Records

    Celadora Studios Video Production Service Inclan Interactive Software Company Enveyo Software Company Venga: Renting Solutions Software Company Sherida Zenger, Realtor® ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6589621
    Latitude
    40.2345124

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    FAQs

    What type of property is this?
    Office building - 89,951 SF retail and office building in Provo, Utah.
    Where is this office building located?
    The property is located at 55 N University Ave Provo, UT.
    What are key features of this property?
    This property features: - Located in the #1 "Best Performing City" (Provo-Orem) for three years running.; - Significant value-add opportunity through lease-up of 31% unleased space.; - Prime downtown location with high foot traffic, near Brigham Young University.
    (801) 441-5937
    Request Owner's contact information
    55 N University Ave Provo, UT 84601
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    Provo, UT 84601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 N University Ave Provo, UT 84601
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