Retail Space
185 South State Street Orem, UT 84058
Details & Description
Price: $2,150,000
    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.
    Additional Photos
    Listing Agents
    Ryan Edwards

    O: 801-658-4482
    M: 480-760-5044
    ryan.edwards@svn.com
    Hayden Houston

    O: 801-508-2881
    M: 512-962-0316
    hayden.houston@svn.com
    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.

    185 South State Street

    Orem, UT 84058

    Listing ID: 236317
    • 185 South State Street Orem, UT 84058 | for Sale | Photo 1
    • 185 South State Street Orem, UT 84058 | for Sale | Photo 2
    • 185 South State Street Orem, UT 84058 | for Sale | Photo 3
    • 185 South State Street Orem, UT 84058 | for Sale | Photo 4
    • 185 South State Street Orem, UT 84058 | for Sale | Photo 5
    185 South State Street | for Sale | Thumbnail 1
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    Building Size: 8,234 SF
    Lot Size: 0.940 AC
    Land Size: 40,946 SF
    Building $/SF: $261.11
    Land $/SF: $52.51
    Price
    $2,150,000
    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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    West Valley City History of Retail Space for Sale

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    Orem Area Market Trends

    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 Population21,978119,988220,216
    Population Median Age333230
    Population by Age0-9 Yrs3488 (15%)19620 (16%)33047 (15%)
    10-19 Yrs3288 (14%)19060 (15%)34047 (15%)
    20-29 Yrs5209 (23%)30037 (25%)72591 (32%)
    30-39 Yrs2675 (12%)14439 (12%)23717 (10%)
    40-49 Yrs2081 (9%)10264 (8%)17268 (7%)
    50-59 Yrs1704 (7%)9635 (8%)14779 (6%)
    60-69 Yrs1646 (7%)8288 (6%)12381 (5%)
    70+ Yrs1887 (8%)8644 (7%)12386 (5%)
    Median HH Income$57,186$66,241$58,904
    Total Household Income< 24K1150 (16%)4999 (13%)11979 (18%)
    25-49K1872 (26%)8165 (22%)15050 (23%)
    50-74K1305 (18%)6960 (19%)12050 (18%)
    75-99K1101 (15%)5668 (15%)9243 (14%)
    100-199K1331 (19%)7885 (22%)12171 (19%)
    200K+233 (3%)2068 (5%)3308 (5%)
    Highest Education LevelNo Diploma110742336923
    Diploma or GED1910924214970
    Some College31891647327501
    Assoc. Degree1231627610173
    Bachelors Degree31141782929731
    Higher Degree1317886813811
    Total Housing Units7,38938,15967,961
    --Owner-Occupied3,93121,43733,021
    --Renter-Occupied3,06114,30730,782
    Owner-Occupied Values< 100K1168121298
    100-199K84434475203
    200-299K1577766511421
    300-399K83549927648
    400-499K37122643595
    500K+18922563855
    Total Working Age Population16,59989,530169,906
    In Work Force11,12661,776119,575
    Not In Work Force5,47227,75450,331
    Workforce Employed10,66859,208114,446
    Workforce Unemployed4202,4805,003
    Civlian Workforce11,08861,689119,448
    Military Workforce3988127
    Total Households6,99235,74463,802
    Family Households5,48327,31447,054
    Non-Family Households1,5098,43116,748
    Married Couple4,45522,81439,625
    Other Family1,0284,4997,429
    Married w/Child1,89710,27117,855
    Single Male w/Child80465738
    Single Female w/Child3641,5752,408

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Utah2,233,169+242,763,885+203,325,425+173,889,310
    Utah County368,536+40516,564+31679,188+27861,852
    Wasatch County15,215+5523,530+5235,713+3548,168

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 185 South State Street in Orem?
    The asking price for 185 South State Street is $2,150,000
    What is the building size of this Retail property in Orem, UT?
    The size of the building/unit at 185 South State Street in Orem is 8,234 square feet
    How much land does the Orem, UT property at 185 South State Street include?
    185 South State Street in Orem includes 0.940 acres of land
    What kind of Retail is the propery at 185 South State Street?
    The property at 185 South State Street Orem, UT 84058 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 185 South State Street in Orem?
    The population within 1 mile of 185 South State Street Orem, UT 84058 is 21,978 people.
    Who do I contact for questions about 185 South State Street?
    You should contact the listing agent, Ryan Edwards, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Salt Lake City International Airport (SLC) 37
    Boise Air Terminal/Gowen Field (BOI) 324
    McCarran International Airport (LAS) 346
    Price
    $2,150,000
    Listing Agent
    Listing Co-Agent
    Ryan Edwards - CRE Agent at

    Hayden Houston

    SVN - Alta Commercial
    More listings from Ryan Edwards
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