Live-Work Commercial
869 W Center St Provo, UT 84601
869 W Center St, Provo, UT, 84601
$730,000
For Sale
$730,000
Highly visible live-work building with main-level commercial space and lower-level residential potential, subject to approvals.
Property Size2,032 SF
Lot Size0.23 Acres
Price / SF$359.25
Days on Market9
Property Features for 869 W Center St
General Information
- Standard status
- Active
- Size
- 2,032 SF
- Lot size
- 0.23 Acres
- Property subtype
- Office
Listing agency
Pleasant Grove
(801) 702-4670
Listed by
Eric Larsen
(801) 702-4670
Source
Colliers
Added: Jul 13 Updated: Jul 20 at 7:11PM Checked: Jul 20 at 7:11PM
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 Pleasant Grove
Investment Insights
Based on property information with market context.
Located at 869 W Center St in Provo, this infill live-work commercial opportunity features an existing building with approximately 2,032 SF and a 0.23-acre site. The property is described as a flexible setup suitable for a range of commercial uses, including professional office, medical or wellness services, salon, boutique retail, showroom, or other service-oriented businesses. The lower level offers potential for residential occupancy, subject to applicable approvals, supporting an owner-occupied live-work arrangement or income-producing residential use.
The site is positioned for strong exposure along Center Street, with immediate Interstate 15 access for convenient customer and employee travel.
Zoned Downtown Gateway (GW), the district is intended to support a vibrant mix of neighborhood-serving and visitor-oriented commercial uses. Permitted uses noted for the zone include restaurants, specialty retail, hospitality, professional offices, and other complementary commercial and mixed-use developments. The property also offers flexibility for future improvements, including the potential for a detached shop or garage, and may be suited for future redevelopment or assembly with neighboring parcels for a larger mixed-use or Planned Unit Development (PUD), subject to applicable approvals.
The site is positioned for strong exposure along Center Street, with immediate Interstate 15 access for convenient customer and employee travel.
Zoned Downtown Gateway (GW), the district is intended to support a vibrant mix of neighborhood-serving and visitor-oriented commercial uses. Permitted uses noted for the zone include restaurants, specialty retail, hospitality, professional offices, and other complementary commercial and mixed-use developments. The property also offers flexibility for future improvements, including the potential for a detached shop or garage, and may be suited for future redevelopment or assembly with neighboring parcels for a larger mixed-use or Planned Unit Development (PUD), subject to applicable approvals.
Key Highlights
- 2,032 SF live‑work building with main‑level commercial space and lower‑level residential potential (subject to approvals).
- 0.23‑acre site with flexibility for future improvements, including the potential to add a detached shop or garage.
- Located on Center Street with highly visible exposure and immediate Interstate 15 access.
Local Financial Insights For Healthcare Medical
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 | $50.7k | $24.96 |
| − Vacancy | −$4.3k | −$2.12 |
| EGI | $46.4k | $22.84 |
| − OpEx | −$18.6k | −$9.14 |
| NOI | $27.8k | $13.70 |
2,032 SF · lease $24.96/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$397.8K
$348.1K – $464.1K
NOI $27,845 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$367.2K
$321.3K – $428.4K
NOI $25,703 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$560.4K
$490.4K – $653.8K
NOI $39,229 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Highly visible live-work building with main-level commercial space and lower-level residential potential, subject to approvals.
Where is this live-work space located?
The property is located at 869 W Center St Provo, UT.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 2,032 SF live‑work building with main‑level commercial space and lower‑level residential potential (subject to approvals).; 0.23‑acre site with flexibility for future improvements, including the potential to add a detached shop or garage.; Located on Center Street with highly visible exposure and immediate Interstate 15 access.
