1455-1481 South State Street, Orem, Utah

Property Overview

Located at 1455–1481 S. State Street in Orem, this investment opportunity includes two well-maintained buildings totaling 15,796 square feet on a 1.23-acre parcel with 62 parking spaces. Building 1 (11,718 SF) at 1455 S. State Street is currently configured into five tenant suites, features two sets of common area restrooms, and is suitable for both office and retail uses. Building 2 (4,078 SF) at 1481 S. State Street is a stand-alone structure offering nine private offices, a reception area, conference room, and open bullpen, and includes prominent signage on State Street; it is also suitable for office or retail occupancy. Both buildings offer excellent frontage and signage opportunities along State Street, which sees an average daily traffic count of approximately 49,000 vehicles. The sale includes existing billboard income through Reagan Signs and a telecommunications lease with Fibernet, providing additional revenue streams. Zoned C-2, Orem’s broadest commercial designation, the property is currently vacant with below-market rents, offering significant upside potential for investors or owner-users. Building 1 Sales Price: $2,160,000.00. Building 2 Sales Price: $1,300,000.00 Combined Sales Price: $3,430,000.

Key Highlights

• Sale includes existing billboard and telecom income
• Short-term leases provide value-add opportunities
• Stand-alone building is vacant / ready for owner/occupant
• Buildings can be sold separatly or together

Location