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    384 500 American Fork, UT 84003

    Sponsored
    For Sale
    $3,600,000

    2.28 Acres, GC-2 Zoning, $3.6M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.28-acre commercial land parcel in American Fork, Utah, presents a remarkable investment opportunity. Located at 384 S 500 E, American Fork, UT 84003 (APN 130510058), this property boasts a highly desirable GC-2 zoning designation. The land is priced at $3,600,000, translating to $36.25 per square foot. Its strategic location offers quick access to I-15, ensuring high visibility and convenient access for businesses. The property's potential is further enhanced by its placement at a lighted intersection, maximizing exposure. The zoning allows for a wide range of commercial uses, including gas stations, auto sales, office spaces, retail establishments, and fast-food restaurants, among others. The site could potentially be subdivided into two lots, approximately 0.71 acres and 1.21 acres, providing flexibility for development. Furthermore, its designation as an Opportunity Zone presents additional investment incentives. This prime location and versatile zoning make this property an ideal choice for developers and investors seeking a high-impact commercial venture in a thriving Utah County market. Don't miss this chance to acquire a significant piece of American Fork's commercial landscape.

    Property Features for 384 500

    General Information

    Property type
    Land
    Lot Size
    99,317 SF

    HighLights

    • 2.28‑acre commercial land parcel, potentially subdividable into two lots (approx. 0.71 acres and 1.21 acres).
    • Located on 500 East in American Fork, UT.
    • Excellent I‑15 access.
    • GC‑2 zoning.
    • Approved uses include gas stations, auto sales, office, retail, and fast food.
    • High‑visibility location at a lighted intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.78528364
    Latitude
    40.36879376

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    FAQs

    What type of property is this?
    Land - 2.28 Acres, GC-2 Zoning, $3.6M
    Where is this land located?
    The property is located at 384 500 American Fork, UT.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 2.28-acre commercial land parcel, potentially subdividable into two lots (approx. 0.71 acres and 1.21 acres).; Located on 500 East in American Fork, UT.; Excellent I-15 access.
    (801) 947-8300
    Request Owner's contact information
    384 500 American Fork, UT 84003
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    384 500
    American Fork, UT 84003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    384 500 American Fork, UT 84003
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