Address
340 E 1200 S, Orem, UT
Price
$ 1,775,000
Property Attributes
- MLS#2159132
- TypeCommercial
- Listing Status Active
- CountyUTAH
- CityOrem
- AreaOrem
- NeighborhoodCARILLON SQUARE
- Zip84058
- Style
- Year Built1970
- Taxes$ 5800
- Price$ 1,775,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6124
- Lot Size0.31 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
A RARE OPPORTUNITY to acquire a freestanding 6,124 SF commercial building in one of Orem's most established retail corridors-with the flexibility to operate your own business, lease the property for income, or reposition the asset for another commercial use. This standalone building offers approximately 3,000 SF on the main level and 3,000 SF on the lower level, providing flexible space for a variety of commercial uses including restaurant, retail, office, medical, or owner-user opportunities. The building was fully Rebuilt/Upgraded/Improved in and out in 2006. Positioned in one of Orem's most visible commercial corridors, the property benefits from exceptional exposure, high ADT, and strong surrounding demographics. Features include designated parking, prominent marquee signage for maximum visibility, and convenient access from major thoroughfares. Surrounded by national retailers, restaurants, and established businesses, this location offers outstanding accessibility and long-term growth potential in one of Utah County's busiest commercial districts. **An additional value-add opportunity exists for a buyer looking to expand the property's existing footprint. The current ownership has obtained city approval and developed plans for a vertical addition to the existing building, creating the potential to add additional space above the existing structure. See attachments for reference. Please DO NOT disturb the restaurant. Contact the agent for details to access the property. FF&E are negotiable- contact agent for details. Square footage figures are provided as a courtesy estimate only . Buyer is advised to obtain an independent measurement.
| Price History | |
|---|---|
| 5/20/2026 | Listed $1,860,000 |
| 7/20/2026 | 5$1,775,000 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | 120/240 V 1 Phase,Gas: Natural |
| Roof | Wood |
| Zoning | Commercial |
| Exclusions | Equipment/Machinery,Fixtures,Furniture |
| Year Built | 1970 |
| Property Subtype | Retail |
| Current Use | Retail |
| Accessibility | Fully Accessible,Ground Level,Accessible Kitchen,Accessible Entrance,Ramp,Customized Wheelchair Accessible,Accessible Full Bath |
| County | Utah |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | CARILLON SQUARE |
| Facing Direction | West |
| Garage Y/N | No |
| Status | Active |
| City | Orem |
| Senior Community Y/N | No |
| Zoning Description | C2 |
| MLS Area | Orem; Provo; Sundance |
| Lot Size Units | Acres |
| Lot Size Square Feet | 13503.6 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,SBA |
| Property Attached Y/N | No |
| Tax Annual Amount | 5800.0 |
| Home Warranty Y/N | No |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| PostalCity | Orem |
| ADU | No |
Interior Features
| Interior Amenities | Floor Drains,Basement,Kitchen,Restroom: Public |
|---|---|
| Flooring | Tile |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | No |
Exterior Features
| Exterior Amenities | Out Buildings |
|---|---|
| Lot Size Area | 0.31 |
| Spa | No |
| Building Area Total | 6124.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.31 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 84058
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
