1030 S State St 13,156 SF Vacant Retail Building Provo, UT 84606 $3,183,499 CAD ($241.98 CAD/SF) 7.04% Cap Rate




EXECUTIVE SUMMARY
Reimagine a Provo Icon: The Carpenter Seed Building is Yours to Transform!
Step into a rare opportunity at 1030 S State St, Provo, UT—where mid-century modern charm meets limitless potential. The Carpenter Seed Building, a striking 13,450-square-foot gem, sits proudly on a one-acre lot, offering a bold State Street presence and a sprawling half-acre fenced yard. For nearly 75 years, this purpose-built marvel served the Carpenter family’s retail legacy, supplying Utah Valley’s rural roots. Now, it’s ready for a visionary to take it into the future.
This isn’t just a property—it’s a canvas. With its high ceilings, exposed structure, and robust design, including a reinforced floor slab and functional lower level with grade-level access, the building screams adaptability. Picture a trendy retail hub, a dynamic office space, or a mixed-use masterpiece. The 8,750-square-foot main level, 3,950-square-foot lower level, and 750-square-foot mezzanine—with a ¾ bath and kitchenette—offer flexibility for any dream, from creative startups to light manufacturing.
Located in an Opportunity Zone, this property unlocks incredible tax advantages, making it a financial win for savvy investors. Zoned Heavy Commercial (CM), this transitional hotspot bridges residential growth and commercial vitality, surrounded by Provo’s booming young families and just minutes from BYU and downtown. Mid-century modern is the design darling of today, and this durable icon, built to last, needs only your personal touch to shine.
Priced to move, this is your chance to own a piece of Provo’s past, shape its next century, and reap the rewards of an Opportunity Zone investment. Contact us now to tour this architectural treasure and plant the seeds for your bold future!
Step into a rare opportunity at 1030 S State St, Provo, UT—where mid-century modern charm meets limitless potential. The Carpenter Seed Building, a striking 13,450-square-foot gem, sits proudly on a one-acre lot, offering a bold State Street presence and a sprawling half-acre fenced yard. For nearly 75 years, this purpose-built marvel served the Carpenter family’s retail legacy, supplying Utah Valley’s rural roots. Now, it’s ready for a visionary to take it into the future.
This isn’t just a property—it’s a canvas. With its high ceilings, exposed structure, and robust design, including a reinforced floor slab and functional lower level with grade-level access, the building screams adaptability. Picture a trendy retail hub, a dynamic office space, or a mixed-use masterpiece. The 8,750-square-foot main level, 3,950-square-foot lower level, and 750-square-foot mezzanine—with a ¾ bath and kitchenette—offer flexibility for any dream, from creative startups to light manufacturing.
Located in an Opportunity Zone, this property unlocks incredible tax advantages, making it a financial win for savvy investors. Zoned Heavy Commercial (CM), this transitional hotspot bridges residential growth and commercial vitality, surrounded by Provo’s booming young families and just minutes from BYU and downtown. Mid-century modern is the design darling of today, and this durable icon, built to last, needs only your personal touch to shine.
Priced to move, this is your chance to own a piece of Provo’s past, shape its next century, and reap the rewards of an Opportunity Zone investment. Contact us now to tour this architectural treasure and plant the seeds for your bold future!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,156 SF
Building Class
C
Year Built
1951
Price
$3,183,499 CAD
Price Per SF
$241.98 CAD
Cap Rate
7.04%
NOI
$224,229 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.31
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
CM Heavy Commercial - The CM zone is established to provide an area with retail, commercial, warehousing, heavy commercial, and light manufacturing. VERY FLEXIBLE ZONE!!
Parking
87 Spaces (6.61 Spaces per 1,000 SF Leased)
Frontage
88’ on S State St
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
NEARBY MAJOR RETAILERS







PROPERTY TAXES
Parcel Number | 22-036-0075 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $1,182,336 CAD |