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    Standalone Retail Building with Marquee Signage Title is generated by Realmo AI

    340 E 1200 S, Orem, UT 84058

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    For Sale
    $1,860,000

    Flexible two-level standalone building near State Street/University Parkway with designated parking and prominent marquee signage.

    Type:Retail
    Property size:
    6,000 SF
    Price / SF:
    $310/SF
    Added:
    May 19, 2026
    Days on Market:
    49
    Last Refresh:
    Jul 1 at 3:54 am

    Property Features for 340 E 1200 S

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1970

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    Tim Long

    Listing office Century 21 Everest

    Listing date May 19, 2026

    Source Liftrealty

    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 Century 21 Everest

    HighLights

    • 6,000 SF standalone commercial building (approx. 3,000 SF main level and 3,000 SF lower level) built in 1970
    • Flexible two‑level layout suited for restaurant, retail, office, medical, or owner‑user uses
    • Designated parking included
    • Prominent marquee signage for visibility
    • Located near the highly trafficked intersection of State Street and University Parkway in Orem

    Overview

    This standalone commercial building offers approximately 6,000 SF of flexible space spread across two levels, with roughly 3,000 SF on the main level and an additional 3,000 SF on the lower level. The property is suitable for a range of commercial uses, including restaurant, retail, office, medical, or an owner-user setup. Designated parking is included, and the building features prominent marquee signage intended to support visibility from the surrounding roadway network. FF&E is negotiable, and the seller requests that the current restaurant not be disturbed; contact the agent for details to access the property. Square footage is provided as a courtesy estimate only and buyers are advised to verify measurements independently.

    The property is located in Orem near the intersection of State Street and University Parkway, positioned within a highly visible commercial corridor. The offering emphasizes convenient access from major thoroughfares and proximity to established businesses, including national retailers and restaurants.

    For tenants and buyers looking for adaptable space, the two-level configuration can support a variety of operational layouts depending on the intended use. The combination of designated parking and marquee signage provides practical storefront presence for retail and service concepts, while the building’s flexibility also supports office or medical configurations where a standalone footprint is desired.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $149.8k $24.96
    − Vacancy −$6.3k −$1.05
    EGI $143.5k $23.91
    − OpEx −$35.9k −$5.98
    NOI $107.6k $17.93
    6,000 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.54M
    $1.35M – $1.79M (±1% cap)
    NOI $107,603 @ 7.0% cap · market cap 5.79%
    Second Best
    Retail
    $1.43M
    $1.26M – $1.67M (±1% cap)
    NOI $100,429 @ 7.0% cap · market cap 5.40%
    Theoretical Best
    Office A
    $1.65M
    $1.45M – $1.93M (±1% cap)
    NOI $115,776 @ 7.0% cap · market cap 6.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    La Carreta Peruvian ... Restaurant T & D Mobile Telecommunications Service

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel Real Estate Agency Storage Facility Food Market Bar & Pub HVAC Service Auto Repair Shop Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.6864442
    Latitude
    40.2748698

    FAQs

    What type of property is this?
    Conventional restaurant - Flexible two-level standalone building near State Street/University Parkway with designated parking and prominent marquee signage.
    Where is this conventional restaurant located?
    The property is located at 340 E 1200 S Orem, UT.
    What is the asking price?
    The asking price for this property is $1,860,000.
    What are key features of this property?
    This property features: 6,000 SF standalone commercial building (approx. 3,000 SF main level and 3,000 SF lower level) built in 1970; Flexible two‑level layout suited for restaurant, retail, office, medical, or owner‑user uses; Designated parking included
    More about this property
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