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Mixed-Use Property with Office Space

270 N 500 W, Provo, UT 84601

For Sale
$599,000

Commercial Sale, Provo, UT

Property Size1,085 SF
Lot Size0.22 Acres
Price / SF$552.07
Days on Market97

Property Features for 270 N 500 W

General Information

Property type Commercial Sale
Property subtype Office
Zoning description RC
Subdivision Provo; Mamth; Springville
Standard status Active
APN 04-088-0017
Lot size 0.22 Acres

Taxes and HOA fees

Tax Annual Amount 4200

Building Details

Year built 1900
Listing Agency: Berkshire Hathaway HomeServices Elite Real Estate
Listed By: Bruce R Tucker · License UT #5499311
Added: Aug 7 Changed: Oct 9 Last Checked: Nov 11 at 11:06AM
MLS# 2177461

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Rey
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Investment Insights

Based on property information with market context.

This mixed-use property includes office, apartment, storage, basement, and garage components within a building constructed in 1900. The main level has approximately 710 SF of office area and an 870 SF apartment, while the upper level provides approximately 375 SF of office space and 117 SF of unfinished storage. The property also includes an unfinished 272 SF basement and a detached 340 SF garage. The apartment is positioned on the east side of the main floor, with office areas located toward the street and on the second floor. The building was formerly used as an insurance company office.

Located at 270 N 500 W in Provo, the property is approximately 5 blocks south of Utah Valley hospital and fronts a corridor reporting AADT of 37,000 per UDOT's 2024 count. The surrounding area includes active commercial and multifamily uses. The parcel contains 0.22 acres and is zoned RC Residential Conservation, with conforming use per Provo City.

Key Highlights

  • Mixed‑use building constructed in 1900 with office and apartment components
  • Approximately 710 SF main‑level office and 375 SF upper‑level office
  • 870 SF main‑level apartment with month‑to‑month rental arrangement

Property Analytics

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Current Use

A perfect insurance plan ... Insurance Agency Neal Dastrup Insurance Insurance Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Daycare Center Food Market Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,995
Businesses Nearby

Demographics for 84601, UT

33,986
Population
11,673
Households
2.9
Avg Household Size
27
Median Age
33%
College-Educated
86%
High-School Grad
13.3 sq mi
ZIP Area
2,555
Density / Sq Mi
$64,758
Median Household Income
$30,548
Median Earnings
$1,173
Median Rent
$370,300
Median Home Value
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Market

Properties on Market for Mixed-use properties in Utah County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Office and residential components share a building with a detached garage and unfinished storage.
Where is this mixed-use property located?
The property is located at 270 N 500 W Provo, UT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Mixed‑use building constructed in 1900 with office and apartment components; Approximately 710 SF main‑level office and 375 SF upper‑level office; 870 SF main‑level apartment with month‑to‑month rental arrangement
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