227 N Center St American Fork, UT | 227 N Center St
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227 N Center St American Fork, UT 227 N Center St
3,989 SF 50% Leased Office Building American Fork, UT 84003 $1,080,000 ($271/SF) 6% Cap Rate
Investment Highlights
- Lots of light, Windows in every office
- Attractive Courtyard
- Detached storage buildings
- Open spaces, Access to Courtyard from Every Room
- Fenced outdoor yard space
- Bathroom off Every Room
Executive Summary
Discover a premier investment opportunity in the heart of American Fork. This 3,989 square foot commercial property boasts a stable, long-term tenant in place, ensuring immediate cash flow with minimal oversight. Situated in a high-traffic area known for its robust economic growth and vibrant community, this asset offers an attractive 6% cap rate, ideal for investors seeking steady returns.The property's strategic location provides easy access to major highways and amenities, positioning it for continued value appreciation. Don't miss out on this well-maintained, turn-key investment with a reliable income stream in one of Utah County's thriving markets. 1994 sqft is available for lease at $4,000 per month.
Property Facts
Sale Type
Investment
Property Type
Building Size
3,989 SF
Year Built
2000
Price
$1,080,000
Price Per SF
$271
Cap Rate
6%
NOI
$64,800
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,989 SF
Building FAR
0.21
Land Acres
0.44 AC
Zoning
PO-1, R2-7500
Parking
12 Spaces (3.01 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Wheelchair Accessible
- Kitchen
- Central Heating
- DDA Compliant
- Natural Light
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 02-046-0038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $731,900 |
PROPERTY TAXES
Parcel Number
02-046-0038
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$731,900
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Robyn Roberts -
Alison Campbell -
Omnia Real Estate
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227 N Center St American Fork, UT | 227 N Center St
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