256 Ctr St Provo, UT 84606-3107
This exceptional 8,589 square foot property, located at 256 E Center St in Provo, Utah, presents a unique investment opportunity. Currently zoned for senior living, this building boasts a prime location on Center Street in the 84606 zip code. Previously utilized as an Intermediate Care Center and Skilled Nursing Center, the property holds a license for 34 beds. The asking price is $1,495,000, translating to $174.06 per square foot. This presents a compelling proposition for investors seeking a property with significant redevelopment potential. The existing structure offers a solid foundation for various uses, allowing for adaptation to current market demands. The property's central location within Provo provides excellent accessibility and visibility, making it an attractive option for a range of businesses or continued use as a senior care facility. Given its history and zoning, this property offers a versatile platform for future development or continued operation within the senior care sector. The substantial square footage and prime location combine to create a strong investment opportunity in a thriving Utah County market. Serious inquiries are encouraged to explore the possibilities this property offers.
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.