415 N OREM BLVD new Save Request In-Person Tour Request Virtual Tour
Orem,UT 84057
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Boulevard Medical Center Condo
MLS Listing ID 2102253
Year Built 1998
Annual Tax Amount $4,003
Lot Size 0.980 Acres
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 under a NNN agreement at $2,395/month, with a five-year lease term and scheduled increases, this property presents an exceptional investment opportunity. The suite offers a strong 6.5% cap rate, making it a valuable asset for investors seeking stable, long-term 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
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet,Tile,Vinyl
Inclusions Real Estate
Exterior
Exterior Feature Paved Parking
Utilities Available 240 V 3 Phase
View Y/N No
Roof Type Asphalt
Building
New Construction No
Others
Acceptable Financing Cash,Conventional,SBA
Listing Terms Cash,Conventional,SBA