Live-Work Commercial
For Sale
$730,000
869 W Center St, Provo, UT 84601
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 Market100
Property Features for 869 W Center St
General Information
Standard status
Active
Size
2,032 SF
Lot size
0.23 Acres
Zoning
GW
Additional Details
Highway Access
Yes
Building Details
Year Built
1915
Listing Agency:
Colliers International LLC (Wasatch)
Listed By:
Eric S Larsen · License #5722129-SA00
(801) 380-2264
Source:
Thehonorgrouputah
Added: Jul 13
Changed: Oct 2
Last Checked: Oct 7 at 2:49PM
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 Colliers International LLC (Wasatch)
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,703
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,060
$514.1K
Cap Rate 7%
$367,186
$367.2K
Cap Rate 9%
$285,589
$285.6K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$44.6K $21.96/SF
− Vacancy
−$10.4K −$5.09/SF
EGI
$34.3K $16.87/SF
− OpEx
−$8.6K −$4.22/SF
NOI
$25.7K $12.65/SF
Area
Provo, UT
Vacancy
23.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,060
Cap Rate 7%
$367,186
Cap Rate 9%
$285,589
Alternative Uses
Best Use
Office B
$367.2K
$321.3K – $428.4K
NOI $25,703 @ 7.0% cap · market cap 3.52%
Second Best
Mixed Use
$366.5K
$320.7K – $427.6K
NOI $25,658 @ 7.0% cap · market cap 3.51%
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 authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in West region
Frequently Asked Questions
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.
