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Multi-Tenant Retail Property
For Sale
$7,000,000

338 E STATE Rd, American Fork, UT 84003

Commercial Sale, American Fork, UT

Property SizeContact for details
Lot Size2.38 Acres
Days on Market177

Property Features for 338 E STATE Rd

General Information

Property type Commercial Sale
Property subtype Retail
Subdivision Am Fork; Hlnd; Lehi; Saratog.
Standard status Active
APN 02-012-0032
Lot size 2.38 Acres

Taxes and HOA fees

Tax Annual Amount 50366

Building Details

Year built 1998
Listing Agency: Century 21 Everest · Century 21 Real Estate
Listed By: Andrew Cuppett
Added: Feb 25 Changed: Aug 20 Last Checked: Aug 21 at 10:06AM
MLS# 2139580

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Investment Insights

Based on property information with market context.

This multi-tenant retail property comprises 2.38 acres and was constructed in 1998. The asset is currently 100% leased, providing an established occupancy profile for prospective ownership. Property details identify the offering as retail space within the broader commercial real estate category.

The property is located at 338 E STATE Rd in American Fork, Utah, with a 84003 postal code. Tenant operations are in place, so property access and visits should be coordinated without disturbing occupants.

Key Highlights

  • 2.38‑acre retail property
  • 100% leased to multiple tenants
  • Constructed in 1998

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Parking Lot & Garage Bar & Pub Veterinary Clinic Catering Service

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,350
Businesses Nearby

Demographics for 84003, UT

52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail asset with multiple occupants and current full occupancy.
Where is this retail space located?
The property is located at 338 E STATE Rd American Fork, UT.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 2.38‑acre retail property; 100% leased to multiple tenants; Constructed in 1998
More about this property
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