Recently remodeled brick office building, ZONED C2 which allows for many potential uses (Currently being used as an AUTO DEALERSHIP and was previously used as a spa/beauty salon). Great investment opportunity, currently renting for $3,800/mo with tenant paying utilities! The current tenant would love to stay but could vacate if desired. Ample parking, high visibility, and quick freeway access! Seller open to seller financing with 25% down payment.
Previous use was as an Intermediate Care Facility ( licensed for 47 beds). Potential use cases could be SFH, RTC, Assisted Living, Group Care, Memory Care, etc. Across the street from Orem IHC Hospital. 1.66 acres of land zoned R-7.5 with potential for redevelopment. Property consists of reception area, 18 bedrooms, (4 bedrooms with Jack and Jill baths), 7 private offices, conference room, large dining area, and commercially equipped kitchen, 2 nurses stations and other common areas and storage. Separate cottage with gathering area, kitchen, beauty room, exercise room. Plenty of fully fenced grass areas and patios. Storage galore with a large onsite garage/shed. Includes 3 parcels Tax 17040042, 170440044, 170440041.
2-Story Office Building Located in Central Orem: -Lower Level has 2 outside entrances, 1 is ADA Access Ramp -Upper Level has 2 outside entrances
Owner is a relative of the principal broker Large distribution facility with executive offices. secure facility shown by appointment only
The median home value in Orem, UT is $460,500. This is lower than the county median home value of $522,900. The national median home value is $338,100. The average price of homes sold in Orem, UT is $460,500. Approximately 57.04% of Orem homes are owned, compared to 37.19% rented, while 5.77% are vacant. Orem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Orem real estate agent to arrange a tour today!
Orem, Utah 84057 has a population of 96,734. Orem 84057 is less family-centric than the surrounding county with 43.45% of the households containing married families with children. The county average for households married with children is 50.01%.
The median household income in Orem, Utah 84057 is $70,412. The median household income for the surrounding county is $82,893 compared to the national median of $69,021. The median age of people living in Orem 84057 is 26.6 years.
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 17.7 inches per year, with 42.4 inches of snow per year.