|
1st Floor - Unit 1440
|
Office/Retail
|
15,761 SF
|
$3,995,000 USD
|
|
-
Unit Size: 15,761 SF
-
Condo Use: Office/Retail
-
Price: $3,995,000 USD
-
Sale Type: Owner User
-
Price/SF: $253.47 USD
Description
Premier Flex/Event Facility – Prime Provo Location Near BYU
Offered at: $3,995,000
Building Size: 15,761 SF
Parking: 225 Stalls
This is a rare opportunity to acquire a fully remodeled, high-end commercial facility in one of Provo’s most desirable and high-traffic locations, just minutes from Brigham Young University. Originally transformed by a well-known influencer brand, the property underwent an extensive 2018 renovation, effectively creating a like-new building with top-tier finishes throughout.
Property Highlights
* Turnkey, high-quality construction with premium finishes across all areas
* Large-capacity venue:
* Ballroom seating up to 350
* Total building capacity up to 600
* Owner has held events with up to 1,000 people present
* 225 parking spaces – a rare and valuable amenity for this size and location
* Designed and utilized for high-profile events, with strong historical demand from third-party users
Sale Notes
Flexible Use Potential (Highest & Best Use Optionality)
While previously operated as an event center, the property offers exceptional adaptability for a wide range of commercial uses, including:
• Event / Wedding Venue
• Church or Religious Facility
• Corporate Headquarters
• Summer Sales Company Hub
• Private School or Training Facility
• Theatre / Performance Space
• Furniture Showroom or Retail Concept
• Current owner has held at the venue: Political Events, Quinceaneras, Exposes, Conventions, Conferences, Boxing Matches, Poker Nights, Movie Nights, Video Game Expose, Weddings, etc.
Note: The property has not been actively used for events in over 6 months, allowing a new owner to reposition, rebrand, or re-tenant based on their preferred strategy.
Built-In Income Opportunity
A highly attractive feature is the separately demised ~3,000 SF section of the building:
• Private entrance and fully segregated from main event space
• Ideal for long-term office or retail tenant
• Estimated rental potential: ~$72,000/year
• Provides immediate, stable supplemental income alongside any primary use
This creates a compelling opportunity to offset operating costs while maximizing the value of the main facility.
|