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485 S 100 E

4,984 SF 43% Leased Office Building Bountiful, UT 84010 £743,328 (£149/SF) 6.45% Net Initial Yield

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Executive Summary

Rarely available office building situated in a prime Bountiful location on the highly visible corner of 500 South and 100 East. The offering includes 2 rental units: a 4,090 sq ft office building, a separate 894 sq ft studio office plus a 3-car garage. Move your business to the office building and rent out the studio office for unique owner user opportunity. This one of a kind office building has historic charm and was previously featured in the Parade of Homes. It boasts a beautifully renovated interior with modern amenities needed for a successful business an ADA ramp, and high speed internet. The spacious office building has a great configuration with 3 floors, 7 private offices, 6 entrances, 2 reception areas, a large common work space, laundry and a kitchenette. One business could occupy the full building or it possibly use it as two to three separate office suites or co-working space. There is a separate studio office with a bathroom in the lovely carriage house with three garage parking spaces below it. This 894 sq ft can be used as additional space for the main business or can be leased out separately. The main office building has an oversized custom arched front door surrounded by leaded glass that leads to a grand entryway with an elegant wooden staircase. Ready for occupancy and well appointed with newer flooring, plantation shutters, iron railings, wood doors, a coffered ceiling, vaulted ceilings, arched doorways, updated bathrooms, crown molding, ceiling fans, central air and recessed lighting. The main floor has 3 private offices (could be split into separate offices easily), a bathroom, 2 reception areas, a nook, and three entrances. The lower level is complete with 3 private offices, a bathroom, a large studio area with a kitchenette, laundry and 3 more entrances. On the upper floor you will find a private executive style loft office flooded with natural light. The current tenant in the main office building is willing to relocate if the building is sold and the tenant is also willing to sell the furnishings. Seller financing will be considered with $500k-$700K down. The rent for the main office building is currently below market rent. The parking space count includes a long term lease for 6 additional parking spaces on the north east side of the parking lot that are leased from a neighbor for $500 per month. The owners own the duplex next door as well, which is a separate parcel and they are willing to sell it for about $500,000 if someone wants to purchase both builidings together." Please call agent for more info. Buyer to verify all listing details and zoning information.

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