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Unit Size: 2,508 SF
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Condo Use: Office/Retail
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Price: $480,000 USD
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Sale Type: Owner User
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Price/SF: $191.39 USD
Description
Colliers is pleased to present the Santaquin commercial condo unit within Centennial Park to the market. Built in 2019 and currently in shell condition, the 2,508-square-foot condo is ideal for owner/user acquisition. The space is ready to accommodate tenant improvements to be the perfect environment for office or retail storefront operations. The condo offers 10-foot ceilings and has separately metered utilities. Above the commercial space are multifamily apartment residences, providing a built-in customer base for the new commercial operations taking place below.
Sidewalks line all of Santaquin’s scenic suburbs, but the stunning mountain views cannot be missed. Macey’s Grocery and ACE Hardware are Santaquin’s major retailers, but shopping centers and malls are a 22-mile straight shot up Interstate 15 in Provo and Orem. Rowley’s Red Barn is a local favorite for fresh fruit and jam, and their seasonal pumpkin patch always brings the community together. A handful of chain restaurants line Main Street, including Einstein Bro’s Bagels, Subway, McDonald’s, Little Ceasar’s, a local pizzeria, a burger restaurant, and a Mexican restaurant. Santaquin has become known as the emerging southern Utah County city, with many developments continuing to take place, proving this to be an ideal suburb to bring a new commercial tenant to.
Utah’s lower business costs, lower tax rates, tax incentives, and relatively affordable real estate and labor continue to encourage positive employment and population growth. The 10 miles encompassing the commercial condo have a residential population of 65,077, which is expected to grow by 3.2% by 2028. The average household income surpasses $108,200, and annual consumer spending of $770.6M is generated back into the local economy—a stable and thriving community.
Sale Notes
Colliers is pleased to present the Santaquin commercial condo unit within Centennial Park to the market. Built in 2019 and currently in shell condition, the 2,508-square-foot condo is ideal for owner/user acquisition. The space is ready to accommodate tenant improvements to be the perfect environment for office or retail storefront operations. The condo offers 10-foot ceilings and has separately metered utilities. Above the commercial space are multifamily apartment residences, providing a built-in customer base for the new commercial operations taking place below.
Sidewalks line all of Santaquin’s scenic suburbs, but the stunning mountain views cannot be missed. Macey’s Grocery and ACE Hardware are Santaquin’s major retailers, but shopping centers and malls are a 22-mile straight shot up Interstate 15 in Provo and Orem. Rowley’s Red Barn is a local favorite for fresh fruit and jam, and their seasonal pumpkin patch always brings the community together. A handful of chain restaurants line Main Street, including Einstein Bro’s Bagels, Subway, McDonald’s, Little Ceasar’s, a local pizzeria, a burger restaurant, and a Mexican restaurant. Santaquin has become known as the emerging southern Utah County city, with many developments continuing to take place, proving this to be an ideal suburb to bring a new commercial tenant to.
Utah’s lower business costs, lower tax rates, tax incentives, and relatively affordable real estate and labor continue to encourage positive employment and population growth. The 10 miles encompassing the commercial condo have a residential population of 65,077, which is expected to grow by 3.2% by 2028. The average household income surpasses $108,200, and annual consumer spending of $770.6M is generated back into the local economy—a stable and thriving community.
Brandon Huntsman
Colliers International
