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    842 Spanish Fork Pkwy Spanish Fork, UT 84660

    Sponsored
    For Lease
    $38 SF/Yr ($14,816 /Mo)

    Prime Retail Space, Multiple Units Available

    Lot size:
    4,679 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,679 square foot retail property in Spanish Fork, UT, presents a unique investment opportunity. Located at 842 S Spanish Fork Pkwy, 84660, this 2024-built center offers two suites, each with a minimum divisible space of 1,000 square feet, and the possibility of leasing the entire 4,679 square feet contiguously. Currently, the entire space is vacant, providing a blank canvas for a new tenant or tenants. The property sits on one acre of land and boasts ample parking for 42 vehicles, including electric vehicle charging stations. Its strategic location near the freeway ensures high visibility and accessibility within a thriving shopping area. The property's flexible layout makes it ideal for a variety of uses, including retail, restaurants, or special purpose businesses. The middle two units are particularly well-suited for gyms or medical offices. Annual property taxes are $38 per square foot. This is a remarkable chance to establish a presence in a dynamic and growing market. Don't miss this opportunity to secure a prime retail location in Spanish Fork.

    Property Features for 842 Spanish Fork Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,679 SF
    Total Rate
    14816.83

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Retail
    Size
    4,679 SF
    Rate per SF
    $40

    HighLights

    • 4,679 SF retail property in Spanish Fork, UT, built in 2024.
    • Located at 842 S Spanish Fork Pkwy, 84660, on a one‑acre lot.
    • Two suites, each at least 1,000 SF, or lease the entire space; currently vacant.
    • 42 parking spaces, including EV charging stations.
    • High visibility and accessibility near the freeway in a thriving shopping area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Clothing Store HVAC Service Garden Center Furniture Store Electronics Store Home Appliance Store Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.61426
    Latitude
    40.098668

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, Multiple Units Available
    Where is this restaurant located?
    The property is located at 842 Spanish Fork Pkwy Spanish Fork, UT.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 4,679 SF retail property in Spanish Fork, UT, built in 2024.; Located at 842 S Spanish Fork Pkwy, 84660, on a one-acre lot.; Two suites, each at least 1,000 SF, or lease the entire space; currently vacant.
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    Spanish Fork, UT 84660
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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
    842 Spanish Fork Pkwy Spanish Fork, UT 84660
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