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Pre School: Treasure Tree LLC 391 N Main St

3,115 SF Vacant Retail Building Springville, UT 84663 $795,000 ($255/SF)

Investment Highlights

  • 88 possible uses per the city of Springville.
  • Commercial fire alarm system
  • Historic property with real wood shake shingles.
  • Located at the signalized hard corner location of Hwy 89 and W 400 N.

Executive Summary

This historic property features many touches such as a real wood shake roof to enhance the historic appeal. Other modern renovations are already taken care of, including electrical, plumbing, ac, heating, and fire system have all been upgraded.
The property currently houses a preschool, counseling office, and hair styling salon, but other possible uses include reception center, restaurant, day care, senior housing, private school, assisted living, preschool, car wash, animal hospital/clinic, financial institution, laboratory, medical or dental, laundromat, pharmacy, print shop, hotel/motel, and more! To see the complete possible uses from City of Springville click below.
Mixed use possibilities: Live where you work! An owner residential tenant could reside in the property and lease out or own and run a business onsite.
Springville City is in the process of expanding and revitalizing Springville Main St. There are over 88 possible uses for this property with the revitalization effort, and there are currently 3 different businesses already operating in this building, with the flexibility for more or fewer. Mixed use as an owner residence/business is possible and building additions are allowed per Springville City.
There is also the option to acquire the Treasure Tree LLC Pre School with over 10 years’ operating experience and over 200 students. This business produces over $100,000 in income annually and is just one of three business in the building. The business and the Real Estate will be negotiated separately in the REPC. All fixtures and non-attached items can be negotiated with the sale, along with phone numbers of past and present clients and parents’ emails should the new owner wish to purchase the Treasure Tree LLC preschool.
Buy now and benefit from the millions in renovations in progress from Springville City as this property will be in the heart of the renovation. Upside is projected. Enjoy plenty of on street parking encouraged by Springville City. Stall number is an estimate for on street parking.
Square Footage is obtained from an appraisal and the county records combined. Ask for details.
Call agent Steve Clarke at 801-612-8113 for showings. Restricted showing times strictly enforced.
Information deemed reliable. Buyer to verify details.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,115 SF
Building Class
C
Year Built
1884
Price
$795,000
Price Per SF
$255
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.29
Lot Size
0.25 AC
Zoning
CC - Community Commercial Over 88 Commercial possible uses
Frontage
106 FT on Hwy 89

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • The Early Light Institute
  • Services
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
The Early Light Institute Services - - -

Nearby Major Retailers

Central Bank
Fifth Third Bank
the Human Bean
Ream's Food Stores
Zions Bank
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-060-0011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$447,500
  • Listing ID: 32971283

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 391 N Main St, Springville, UT 84663

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