1132 State St, Orem, UT 84097-7101
This exceptional retail property, located at 1132 State Street in Orem, Utah, presents a unique investment opportunity. Boasting a prominent State Street location, this 0.52-acre lot offers unparalleled visibility and accessibility. Currently occupied by a dress shop, the C-2 zoning allows for a wide range of uses, including automotive and storage facilities. The building's strategic position across from University Mall, Trader Joe's, and Mrs. Cavanaugh's Chocolates ensures high foot traffic and exposure to a substantial customer base. The property features ample space, including a sizable basement ideal for fulfillment operations or additional storage. This basement area is also available for lease, offering the potential for two separate businesses to operate within the same building. Convenient front and back entrances enhance operational efficiency. The property benefits from prominent State Street signage, maximizing visibility and brand recognition. The current lease rate is $12 per square foot, modified gross. This property is perfect for an established business seeking relocation or an entrepreneur looking to establish a new venture in a thriving commercial area. Serious inquiries only, appointments required. Do not disturb tenants.
-
Coy's Racing Auto Repair Shop Vehicle Inspection Center
-
ENCORE FORMALS (Formerly Dress Collective) Clothing & Fashion Store
-
Pebbles in my Pocket (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.