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    5609 University Ave Provo, UT 84604

    Sponsored
    For Lease
    $42 SF/Yr

    Luxury retail, mountain views, prime location

    Lot size:
    16,002 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 16,002 square foot luxury retail property, built in 2024, offers multiple tenancy options ranging from 1,156 to 16,002 contiguous square feet. Located on University Avenue in Provo, this three-building, single-story complex boasts a prestigious address at the gateway to Provo Canyon, adjacent to the Provo River and Parkway Trail. The Hollywood Regency design creates a sophisticated atmosphere, perfect for upscale businesses. Ample parking is available, and the property benefits from a new traffic light at the entrance, ensuring easy access. Its proximity to a high-end event center and a new residential development guarantees high visibility and foot traffic. This unique location combines the convenience of a major thoroughfare with the serene beauty of the Provo River, offering a tranquil yet accessible setting unlike typical crowded commercial areas. The property is ideal for a variety of retail, restaurant, or service businesses seeking a stunning and highly visible location. Don't miss this opportunity to establish your business in one of Provo's most desirable retail spaces.

    Property Features for 5609 University Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,002 SF
    Total Rate
    56007

    Building Details

    Year Built
    2024
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    16,002 SF
    Rate per SF
    $42

    HighLights

    • Luxury retail space in Provo, Utah, totaling 16,002 square feet.
    • Three single‑story buildings, newly constructed in 2024.
    • Units available ranging from 1,156 to 16,002 contiguous square feet.
    • Prime location on University Avenue with high visibility and convenient access.
    • Ample parking and adjacency to a high‑end event center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6557180817
    Latitude
    40.307614659143

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    FAQs

    What type of property is this?
    Retail property - Luxury retail, mountain views, prime location
    Where is this retail property located?
    The property is located at 5609 University Ave Provo, UT.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: Luxury retail space in Provo, Utah, totaling 16,002 square feet.; Three single-story buildings, newly constructed in 2024.; Units available ranging from 1,156 to 16,002 contiguous square feet.
    Request Owner's contact information
    5609 University Ave Provo, UT 84604
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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
    5609 University Ave Provo, UT 84604
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