Property summary
This exceptional investment opportunity presents a fully leased flex space property at 565 N Main St, Springville, UT 84663. Priced at $1,595,000, it boasts a compelling 5.50% cap rate. The property, zoned for community commercial use, comprises a single building situated on a large lot, offering significant potential for future expansion. Currently, the existing structure occupies only a fifth of the total acreage, presenting ample space for additional construction and development. Its strategic location provides easy access to I-15 (within five minutes) and the Inland Port of Salt Lake City (approximately 45 minutes), making it ideal for businesses requiring efficient shipping and logistics. The Main Street frontage ensures high visibility and convenient access for customers. Recent improvements include a new roof (2022) and the addition of a dock-high door (2021), enhancing functionality and appeal. A fenced side yard provides additional security and storage space. This property represents a rare blend of immediate income generation and substantial long-term growth potential in a thriving Utah County community. The property includes one loading dock.
Property profile
VerifiedCap rate & NOI
Current use
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Community Center
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Department Store
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Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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