Property profile

465 University Ave Provo, UT 84601

OFF-MARKET
Land
0.5 ac lot
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Property summary

AI-generated overview

This exceptional 0.5-acre commercial land parcel, located at 465 S University Ave in Provo, Utah (APN 05:005:0008), presents a unique investment opportunity. Priced at $762,300 ($35/SF), this property boasts a highly desirable CM (Heavy Commercial) zoning designation, opening doors to a wide array of permitted uses. The land's strategic location on University Avenue ensures high visibility and accessibility, with a daily traffic count exceeding 29,500 vehicles. This translates to significant potential for businesses seeking maximum exposure. The property's size and zoning make it suitable for various commercial ventures, including, but not limited to, food drive-thrus. Its proximity to Provo's vibrant urban core further enhances its appeal. This is a rare chance to acquire a well-situated commercial lot in a thriving Utah County market, poised for substantial growth and return on investment. The property's address is easily accessible and visible from the main thoroughfare. Serious inquiries are encouraged to explore the full development potential of this exceptional offering. The zip code is 84601.

Property profile

Verified
Property type Land
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store

Location

465 University Ave Provo, UT 84601
Provo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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