Renovated Industrial
For Sale
$7,100,000
1657 N STATE ST, Lehi, UT 84043
Updated industrial facility with an existing tenant and potential owner-user application.
Property Size1,993 SF
Days on Market8
Property Features for 1657 N STATE ST
General Information
Standard status
Active
Size
1,993 SF
Property subtype
Industrial
Additional Details
Cap Rate
6.5%
Highway Access
Yes
Building Details
Building Size
1,993 SF
Year Built
1993
Year Renovated
2022
Listing Agency:
Lift Realty
Listed By:
Spencer Clawson · License #6608967-PB00
(801) 636-8426
Source:
Liftrealty
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 16 at 5:07PM
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 Lift Realty
Investment Insights
Based on property information with market context.
This industrial property was built in 1993 and renovated in 2022. A tenant is currently in place, while the building is also identified as suitable for potential owner-user occupancy.
The property is located in Lehi near the 2100 South interchange with I-15, providing access to a major regional transportation connection. The tenancy includes an 11% rent increase in year one, followed by 3% annual increases, and the stated year-one NOI supports a 6.5% cap rate.
The property is located in Lehi near the 2100 South interchange with I-15, providing access to a major regional transportation connection. The tenancy includes an 11% rent increase in year one, followed by 3% annual increases, and the stated year-one NOI supports a 6.5% cap rate.
Key Highlights
- Renovated in 2022
- Tenant currently in place
- Potential owner‑user industrial facility
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 84043, UT
76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Updated industrial facility with an existing tenant and potential owner-user application.
Where is this industrial property located?
The property is located at 1657 N STATE ST Lehi, UT.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: Renovated in 2022; Tenant currently in place; Potential owner‑user industrial facility
