1374 W American Way Payson, UT 84651
- Industrial properties
- 31,504 SF
- 3.71 lot acres
Current Use by Public Records
- Plunder Design, LLC / Jewelry Store
Property Details for 1374 W American Way
- Year built
- 2018
- Lot size
- 3.71 lot acres
- Property size
- 31,504 SF
- Property type
- Industrial properties
- APN
- 49-876-0004
- APU
- 498760004
Description
This exceptional Class A industrial property, located at 1374 W American Way in Payson, Utah, presents a unique investment opportunity. Boasting 55,625 square feet of net rentable space, this 2019-built, two-story building offers a versatile layout ideal for a variety of uses. The flex space includes 31,250 square feet on the ground floor and 24,375 square feet on the second level, perfectly suited for warehouse operations and office functions. The property features four dock-high doors, one ground-level door, and ample parking for 150+ vehicles. High-end office finishes are complemented by extensive amenities including two elevators, three conference rooms, a large auditorium, and two spacious breakrooms. The building is equipped with heavy power (3-phase 2000 Amps) and a 26-foot ceiling height. The property is currently vacant and zoned for light industrial use. With a pro-forma cap rate of 7.50% and an asking price of $9,000,000 ($161.80 per square foot), this NNN lease property represents a strong investment in a thriving Utah County location. The APN is 49:876:0004. This is a single-unit building with significant potential for a variety of businesses. The retail/showroom space adds to the property's versatility.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Payson
- County
- Utah
- State
- Utah
- Longitude
- -111.757
- Latitude
- 40.0408
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
