Retail Space / Utah / Orem / 84058 / 185 South State Street

185 South State Street

Orem, UT 84058

Listing ID: 236317

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$2,150,000

For Sale

Property Type Retail for Sale : Free Standing Building
Lot Size Acres 0.940
Building Sq Ft 8,234
Building Price per Sq Ft $261.11
Land Sq Ft 40,946
Land Price per Sq Ft $52.51

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Description

Retail investment opportunity in the heart of Orem. Located on State St where over 54,000 vehicles pass by the property everyday. Main tenant is KeyBank, a national company with locations in 15 states and over 1200 branches. 3.5 years left on lease, option to renew for another 5-year term. Two other tenants occupy the building as well. Johnson Realty has been in space over for 30 years and Red Rock Financial has been in space for 12+ years.
Busy State St close to major universities and high dense retail area. Proximity to University Mall and I-15.

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Listing Demographics for 185 South State Street Orem, UT 84058

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		21,978	119,988	220,216
Population Median Age		33	32	30
Population by Age	0-9 Yrs	3488 (15%)	19620 (16%)	33047 (15%)
	10-19 Yrs	3288 (14%)	19060 (15%)	34047 (15%)
	20-29 Yrs	5209 (23%)	30037 (25%)	72591 (32%)
	30-39 Yrs	2675 (12%)	14439 (12%)	23717 (10%)
	40-49 Yrs	2081 (9%)	10264 (8%)	17268 (7%)
	50-59 Yrs	1704 (7%)	9635 (8%)	14779 (6%)
	60-69 Yrs	1646 (7%)	8288 (6%)	12381 (5%)
	70+ Yrs	1887 (8%)	8644 (7%)	12386 (5%)

Median HH Income		$57,186	$66,241	$58,904
Total Household Income	< 24K	1150 (16%)	4999 (13%)	11979 (18%)
	25-49K	1872 (26%)	8165 (22%)	15050 (23%)
	50-74K	1305 (18%)	6960 (19%)	12050 (18%)
	75-99K	1101 (15%)	5668 (15%)	9243 (14%)
	100-199K	1331 (19%)	7885 (22%)	12171 (19%)
	200K+	233 (3%)	2068 (5%)	3308 (5%)

Highest Education Level	No Diploma	1107	4233	6923
	Diploma or GED	1910	9242	14970
	Some College	3189	16473	27501
	Assoc. Degree	1231	6276	10173
	Bachelors Degree	3114	17829	29731
	Higher Degree	1317	8868	13811

Total Housing Units		7,389	38,159	67,961
--Owner-Occupied		3,931	21,437	33,021
--Renter-Occupied		3,061	14,307	30,782
Owner-Occupied Values	< 100K	116	812	1298
	100-199K	844	3447	5203
	200-299K	1577	7665	11421
	300-399K	835	4992	7648
	400-499K	371	2264	3595
	500K+	189	2256	3855

Total Working Age Population		16,599	89,530	169,906
In Work Force		11,126	61,776	119,575
Not In Work Force		5,472	27,754	50,331
Workforce Employed		10,668	59,208	114,446
Workforce Unemployed		420	2,480	5,003
Civlian Workforce		11,088	61,689	119,448
Military Workforce		39	88	127

Total Households		6,992	35,744	63,802
Family Households		5,483	27,314	47,054
Non-Family Households		1,509	8,431	16,748
Married Couple		4,455	22,814	39,625
Other Family		1,028	4,499	7,429
Married w/Child		1,897	10,271	17,855
Single Male w/Child		80	465	738
Single Female w/Child		364	1,575	2,408

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Utah	2,233,169	+24	2,763,885	+20	3,325,425	+17	3,889,310
Utah County	368,536	+40	516,564	+31	679,188	+27	861,852
Wasatch County	15,215	+55	23,530	+52	35,713	+35	48,168

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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