485 S 100 E
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485 S 100 E
4,984 SF 18% Leased Office Building Bountiful, UT 84010 $945,000 ($190/SF) 6.48% Cap Rate
Executive Summary
Ready for immediate occupancy, renovated office building in a prominent Bountiful location. Situated on the highly visible corner of 500 South and 100 East in Bountiful, this property is located in one of the area's most sought-after commercial hubs. The property consists of two separate rental units: A spacious 4,090 sq ft office building, and a charming 894 sq ft studio office in a separate carriage house. Ample parking is available, including three newly added parking spots, three spots in the garage, and four additional spaces for a total of ten. There is also open parking available on 100 East for added convenience. This is an ideal owner-user opportunity: occupy the main office building and lease out the studio office for additional income. The office building has historic charm, having been previously featured in the Parade of Homes, while offering all the modern amenities a business needs to thrive, including high-speed internet and an ADA accessible ramp. Key features of the main office building include three Levels with a flexible layout, seven private offices, six entrances for easy access, two reception areas to accommodate multiple businesses, large common work space, kitchenette and laundry area, updated bathrooms, newer flooring and high-end finishes. The building is exceptionally well-appointed, with plantation shutters, iron railings, wood doors, and coffered ceilings. The grand entryway, features an oversized custom arched front door with leaded glass opening into an elegant staircase that sets the tone for the entire space. The main floor features three private offices (easily convertible to additional office spaces), a bathroom, two reception areas, a cozy nook, and three separate entrances. The lower level has tall ceilings and it includes three private offices, a bathroom, a large studio area with a kitchenette, laundry facilities, plus three additional entrances. The upper floor has a private executive office with vaulted ceilings, offering an ideal space for leadership. The separate studio office in the carriage house, complete with its own bathroom, can serve as an independent office or additional space for the main business. It offers flexibility as it can also be leased separately for added income. The seller also owns the adjacent duplex and will offer to sell it to the purchaser of the office building for approximately $500,000. This is a rare, one-of-a-kind property, perfect for businesses looking for a distinctive space with room for expansion. Buyer to verify all listing details and zoning information. Please contact the listing agent for additional information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,984 SF
Building Class
B
Year Built
1933
Price
$945,000
Price Per SF
$190
Cap Rate
6.48%
NOI
$61,273
Percent Leased
18%
Building Height
3 Stories
Typical Floor Size
1,363 SF
Building FAR
0.41
Lot Size
0.28 AC
Zoning
PL-9
Parking
10 Spaces (2.01 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Reception
- Basement
- Hardwood Floors
- Air Conditioning
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 03-033-0108 | Improvements Assessment | $224,787 |
| Land Assessment | $112,267 | Total Assessment | $337,054 |
PROPERTY TAXES
Parcel Number
03-033-0108
Land Assessment
$112,267
Improvements Assessment
$224,787
Total Assessment
$337,054
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485 S 100 E
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