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Downtown Provo Retail and Office

55 N University Ave, Provo, UT

For Lease
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89,951 SF retail and office building in Provo, Utah.

Space Size57 SF - 2,911 SF
Lot Size1.02 Acres
Days on Market643

Property Features for 55 N University Ave

General Information

Standard status Active
Size 57 SF - 2,911 SF
Lot size 1.02 Acres
Property subtype OFFICE
Lease Type Full Service

Site & Location

Neighborhood Downtown

Spaces For Lease

at 55 N University Ave Contact us
Name Size Type Rate Availability
55 N University Ave 1,292 SF OFFICE $23/SF/Yr AVAILABLE, Now Contact us
55 N University Ave 1,449 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
55 N University Ave 1,832 SF OFFICE $23/SF/Yr AVAILABLE, Now Contact us
55 N University Ave 2,911 SF OFFICE $23/SF/Yr AVAILABLE, Now Contact us
55 N University Ave 2,029 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
55 N University Ave 2,251 SF OFFICE $24/SF/Yr AVAILABLE, Now Contact us
55 N University Ave 57 SF OFFICE $700/Mo AVAILABLE, Now Contact us
55 N University Ave 57 SF OFFICE $700/Mo AVAILABLE, Now Contact us
55 N University Ave 107 SF OFFICE $800/Mo AVAILABLE, Now Contact us
55 N University Ave 137 SF OFFICE $900/Mo AVAILABLE, Now Contact us
55 N University Ave 140 SF OFFICE $925/Mo AVAILABLE, Now Contact us
Listing Agency: BHHS - Utah Properties | Park City
Listed By: Jill Snyder · License UT 5486468-AB00
Source: Moodyscre
Added: Feb 7, 2025 Changed: Nov 10 Last Checked: Nov 10 at 10:42AM

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 BHHS - Utah Properties | Park City

Rey
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Investment Insights

Based on property information with market context.

Located in downtown Provo, Utah, Provo Town Square is an 89,951-square-foot retail and office building. Situated on 2.21 acres, the property is strategically positioned along the city’s primary thoroughfares and within walking distance of Brigham Young University. The building is currently 69% leased and offers upside through lease-up and rent growth. Capital improvements include modernized tenant suites and upgraded common areas, preserving historic architectural details. A three-story on-site parking structure supports tenant and visitor convenience. Provo Town Square is located in the Provo-Orem metro area, which has been ranked the #1 "Best Performing City" for three consecutive years by the Milken Institute due to its strong job growth, wage increases, and rapidly expanding high-tech sector. The property’s central location drives consistent foot traffic and positions it to attract a wide range of retail and office tenants seeking visibility, accessibility, and strong community presence.

Key Highlights

  • Located in the #1 "Best Performing City" (Provo‑Orem) for three years running.
  • Significant value‑add opportunity through lease‑up of 31% unleased space.
  • Prime downtown location with high foot traffic, near Brigham Young University.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Celadora Studios Film Production Inclan Interactive (Bike/Boat/Book/etc) Store Enveyo (Bike/Boat/Book/etc) Store Venga: Renting Solutions (Bike/Boat/Book/etc) Store Sherida Zenger, Realtor® ... Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Pharmacy

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,497
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Office buildings in Provo

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?
Office building - 89,951 SF retail and office building in Provo, Utah.
Where is this office building located?
The property is located at 55 N University Ave Provo, UT.
What is the lease rate?
The lease rate is $900/Mo.
What are key features of this property?
This property features: Located in the #1 "Best Performing City" (Provo‑Orem) for three years running.; Significant value‑add opportunity through lease‑up of 31% unleased space.; Prime downtown location with high foot traffic, near Brigham Young University.
(435) 671-0793 Call to check price and availability
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