244 Main St, Spanish Fork, UT 84660-1783
- Warehouses
- 5,819 SF
- 0.31 lot acres
Current Use by Public Records
- Warehouses
Property Details for 244 Main St
- Year built
- 1998
- Lot size
- 0.31 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 07-068-0011
- APU
- 70680011
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 30, 2021 | — | Price Investment Propereties LLC | Stern Properties LLC | Warranty Deed | $1M · Central Bank |
| Dec 12, 2013 | — | Stern Properties LLC | Bradbury Margie A Trust | Warranty Deed | $361k · Wells Fargo Bank |
| Jul 31, 2013 | — | Bradbury,margie A Trust | Bradbury,joseph J | Quit Claim Deed · related | — |
| — | — | Joseph J Bradbury | — | Deed Of Trust · related | $200k · Far West Federal Bank |
| — | — | Joseph J Bradbury | — | Deed Of Trust · related | $268k · Central Bank & Trust |
| — | — | Joseph J Bradbury | — | Deed Of Trust · related | $70k · Landmark Investments LLC |
Description
This exceptional Spanish Fork, Utah commercial property, located at 244 N Main St, presents a unique owner-user or lease-up opportunity. The 5,819 square foot building, constructed in 1997 and renovated in 2023, boasts a Class B designation and is situated on a 0.31-acre lot. The property features a mix of creative office, storefront, and traditional office spaces, currently housing one tenant (Preloved) with a lease expiring November 30, 2026. The existing lease generates a net operating income (NOI) of $51,600 annually. The building includes 15 parking spaces and offers 3,200 square feet of immediately available space, plus a 1,300 square foot rear warehouse ideal for shipping and receiving. The property benefits from a high-traffic location with 37,000 average annual daily traffic (AADT), significant consumer spending ($374,657,985 within 2 miles), and substantial daytime employment (9,123 within 2 miles). The asking price is $1,450,000 ($249.18 per square foot), with a triple net (NNN) lease structure. The building is two stories tall, with a permitted zoning of Commercial and a 27' building height allowing for crown signage. Lease options are available. The property is offered fee simple. Currently, the occupancy is 45%, with full occupancy expected by November 1, 2024. This is an excellent investment opportunity in a thriving commercial area.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spanish Fork
- County
- Utah
- State
- Utah
- Longitude
- -111.654
- Latitude
- 40.1129
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
