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    1500 American Way 500 Payson, UT 84651

    For Lease
    Contact for pricing

    Class A warehouse space, Payson, UT

    Lot size:
    920,964 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This premier Class A industrial property, the Central Logistics Center, offers 920,964 square feet of flexible warehouse, distribution, and flex space in Payson, Utah. Situated on a 58-acre lot at 1500 West (American Way) 500 South, 84651, this single-building facility features four suites, with a minimum divisible space of 28,500 square feet and a maximum contiguous space of 773,868 square feet. The property boasts excellent access to major transportation routes, including I-15, making it strategically located to serve the thriving Utah County market. This location benefits from a strong labor pool and significant projected employment growth. Ideal for manufacturing, distribution, and final-mile logistics operations, this is a rare opportunity to lease in one of Utah's fastest-growing industrial areas. The property's APN is 300610014. This is a multi-tenant building with a total of four suites. The property is classified as Class A.

    Property Features for 1500 American Way 500

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    920,964 SF
    Class
    A

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Conceptual Plan
    Size
    773,868 SF

    HighLights

    • 920,964 SF Class A industrial building in Payson, UT, on a 58‑acre lot.
    • Four suites available, ranging from 28,500 SF to 773,868 SF contiguous.
    • Excellent access to I‑15, serving the Utah County market.
    • 230,000 SF flex building with 200' depth and 1,190' width.
    • 60'/48'8" x 54' column spacing, 372 auto parking stalls (1.62/1000 SF), 11 ground‑level and 44 dock‑high loading doors.
    • ESFR sprinkler system and concrete tilt‑up construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    Payson
    County
    Utah
    State
    Utah
    Longitude
    -111.7627328
    Latitude
    40.032483

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    FAQs

    What type of property is this?
    Flex space - Class A warehouse space, Payson, UT
    Where is this flex space located?
    The property is located at 1500 American Way 500 Payson, UT.
    What are key features of this property?
    This property features: 920,964 SF Class A industrial building in Payson, UT, on a 58-acre lot.; Four suites available, ranging from 28,500 SF to 773,868 SF contiguous.; Excellent access to I-15, serving the Utah County market.
    Request Owner's contact information
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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
    1500 American Way 500 Payson, UT 84651
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