Retail space for sale or lease or lease with Purchase Option
Incredible Event Center FOR SALE OR LEASE
Marketing description
Offered at: $3,995,000
For Lease: $19.50 NNN
**Owner willing to do lease with option to purchase! Terms TBD
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
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.
SC2 - Community Shopping Zone (Many uses permitted here - see Provo City for specifics)
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.
Investment highlights
Built-In Income Opportunity For Sale or Lease
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.
FF&E Opportunity
The seller is open to including high-end furniture, fixtures, and equipment (FF&E) at a substantial discount or as part of a negotiated purchase price, including:
- Professional-grade audio/visual systems
- Event furnishings and seating
- Catering and kitchen equipment
- Storage and racking infrastructure
Buyers may submit offers inclusive of any desired FF&E for a true turnkey acquisition.
SC2 - Community Shopping Zone (Many uses permitted here - see Provo City for specifics)
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