Multi-Tenant Mixed-Use
For Sale
Contact for pricing
Pending
1599 S State St, Orem, UT 84097
Retail and office suites occupy a State Street property with a signalized intersection and large on-site parking field.
Property Size17,250 SF
Lot Size0.96 Acres
Days on Market143
Property Features for 1599 S State St
General Information
Standard status
Pending
Size
17,250 SF
Lot size
0.96 Acres
Property subtype
Retail
Additional Details
Asking Price
$3,195,000
Road Access
Yes
Amenities
Large parking field
Building Details
Tenancy
Multi
Listing Agency:
Summit Commercial Advisors
(801) 376-5282
Listed By:
Bill Street · License #9493678-SA00
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial Advisors
Investment Insights
Based on property information with market context.
This multi-tenant mixed-use property combines retail and office space within a 17,250 SF building. The layout includes 11 tenant spaces, with 2 currently vacant, providing a blend of occupied and available suites. The asset is situated on a .96-acre parcel and includes a large parking field for visitors, employees, and tenants.
Located at 1599 S State St in Orem, the property fronts State Street in a high-traffic setting near a signalized intersection. The offering reflects a 6.14% pro forma CAP rate, adding an operating-performance metric to the physical characteristics and tenant-space configuration.
Located at 1599 S State St in Orem, the property fronts State Street in a high-traffic setting near a signalized intersection. The offering reflects a 6.14% pro forma CAP rate, adding an operating-performance metric to the physical characteristics and tenant-space configuration.
Key Highlights
- 17,250 SF multi‑tenant mixed‑use building
- 11 tenant spaces, including 2 vacant spaces
- .96‑acre parcel with a large parking field
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
Explore this area
Business Placement
Demographics for 84097, UT
23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office suites occupy a State Street property with a signalized intersection and large on-site parking field.
Where is this mixed-use property located?
The property is located at 1599 S State St Orem, UT.
What are key features of this property?
This property features: 17,250 SF multi‑tenant mixed‑use building; 11 tenant spaces, including 2 vacant spaces; .96‑acre parcel with a large parking field
