2230 N University Pky - Cotton Tree Square Building 9 3,248 SF Office Condo Unit Offered at $934,592 CAD in Provo, UT 84604
EXECUTIVE SUMMARY
Unlock the potential of this versatile commercial condo, ideally located in a high-traffic area with excellent visibility. Whether you’re looking to expand your business, secure a long-term investment, or create a revenue-generating rental property, this space offers endless possibilities. Property Highlights: - High-Visibility Location: Situated in a vibrant commercial district with easy access to major roads, public transport, and a variety of local businesses. Ideal for retail, office, or service-based businesses. - Modern Features: Updated HVAC, plumbing, and electrical systems, ensuring a comfortable and efficient environment. Plenty of space for signage to increase brand visibility. - Secure Building: Well-maintained complex with professional management, and ample parking for tenants and customers. - Investment Opportunity: With a thriving area and a growing demand for commercial spaces, this condo offers strong potential for future appreciation or steady rental income. Whether you’re an entrepreneur ready to make your mark or a savvy investor seeking reliable returns, this commercial condo is a smart choice. Take advantage of its prime location. Contact us today to schedule a tour and explore how this property can be the ideal fit for your business or investment portfolio.
PROPERTY FACTS
| Price | $934,592 CAD |
| Unit Size | 3,248 SF |
| No. Units | 1 |
| Total Building Size | 3,248 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,456 SF |
| Year Built | 1981 |
| Lot Size | 4.25 AC |
| Parking Ratio | 17.17/1,000 SF |
| Zoning | General Commercial |
AMENITIES
- Bus Line
1 UNIT AVAILABLE
Unit 9C, 9D
| Unit Size | 3,248 SF |
| Price | $934,592 CAD |
| Price Per SF | $287.74 CAD |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.74% |
| NOI | $72,337.38 CAD |
DESCRIPTION
For sale are two renovated suites, each currently leased to separate tenants. The suites are strategically located and offer great potential for both investment and future occupancy options when leases expire.
Suite 9C
Size: 1,456 square feet
Lease Expiration: March 2027
Suite 9D
Size: 1,792 square feet
Lease Expiration: August 2027
Renovated Spaces: Both suites have undergone recent renovations, providing modern finishes and a fresh environment for tenants.
Flexibility: The wall dividing the two suites can be removed, allowing for a total of 3,248 SF of combined space, making it ideal for a single larger tenant or for an owner-occupant looking to utilize the full space.
Investment Opportunity: With long-term leases in place, these suites offer immediate cash flow while giving the future owner options for occupancy or reconfiguration.
