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1959 N STATE ST, Provo, UT — photo 11 / 47

$1,195,000

1959 N STATE ST, Provo, UT 84604

Subtype

Retail

Building SF

5,144

$/SF

$232

Lot

0.06 ac

Property Details

Property typeCommercial Sale
SubtypeRetail
Building SF5,144 sqft
Year built1997
Lot size0.06 acres
ZoningCommercial · CG
Current useRetail
Taxes (annual)$8,880
Days on market112
Listed2026-05-13T00:00:00+00:00

Description

Amazing investment opportunity on State Street between Provo and Orem! Ideal location and curb appeal with high visibility in the Professional Office Park on Provo-Orem State Street Hill, including pylon signage. Current use is Salon services on the ground level but the building has been used as a physician office and professional office. Brick construction with a lifetime tile roof. Tenants on the ground level are on a three-year renewable lease. Basement is currently vacant. This is a triple NET lease--Tenants pay for their own insurance, HOA Dues, and Property Taxes, and maintenance. Each tenant maintains their own individual unit (basement and ground floor). Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.

Listed by Samuel D King · Equity Real Estate

Location

1959 N STATE ST, Provo, UT 84604

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

$232

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($33,774)
Effective gross income$96,496/yr
Operating expenses$33,774/yr
Derived NOI$62,723/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:02:10 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.