$440,000
$440,000
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0.98 Acres Lot
SOLD DATE : 12/10/2025
Key Details
Sold Price $440,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Boulevard Medical Center Condo
MLS Listing ID 2102253
Sold Date 12/10/25
Construction Status Blt./Standing
HOA Y/N No
Year Built 1998
Annual Tax Amount $4,003
Lot Size 0.980 Acres
Acres 0.98
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Office
Property Description
Modern Medical Suite Fully Updated and a Prime Investment Opportunity! Located just a block from the Orem Hosptial and 5 blocks from Timpanogos Regional Hospital. Fully renovated medical suite is designed for both functionality and comfort. With three birthing rooms, three bathrooms (including two with bathtubs), a dedicated exam room, and a breakroom, this space offers an ideal setup for a running birthing center. The spacious reception and lobby area feature an open layout, creating a welcoming atmosphere for patients and staff alike. Currently leased at $2,395/month, with a five-year lease term and scheduled increases, tenant pays the CAM fees, this property presents an exceptional investment opportunity. The suite offers a 5.1% cap rate, making it a valuable asset for investors seeking stable, returns in a sought-after medical location. Please do not disturb tenant.
Location
State UT
County Utah
Area Pl Grove; Lindon; Orem
Zoning Commercial
Interior
Interior Features Alarm: Fire, Restroom: Private
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplace false
Appliance Real Estate
Exterior
Exterior Feature Paved Parking
Utilities Available 240 V 3 Phase
View Y/N No
Roof Type Asphalt
Present Use Office
Accessibility Audible Alerts, Accessible Elevator Installed, Fully Accessible, Accessible Entrance, Customized Wheelchair Accessible, Accessible Full Bath, Single Level
Private Pool false
Building
Faces West
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 35-319-0002
Acceptable Financing Cash, Conventional, SBA
Horse Property Yes
Listing Terms Cash, Conventional, SBA
Financing Cash
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