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32402649
32402659

70 South 300 East, American Fork, UT 84003 For Sale

TC
UT UT 6494753-SA00
Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Listed by Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
$1,850,000
73 days on market
Updated 14 days ago
Opportunity zone

70 South 300 East

Details
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 4,690
Units 6
Cap Rate 5.50%
Occupancy 100%
Tenancy Multi
Lease Term 3
Remaining Term 2.5
Rent Bumps Yes
Price per SqFt $2
Year Built 1974
Year Renovated 2020
Acreage 0.330
Zoning C2
Parking Spaces 25 spaces
Parking per 1,000 SqFt 5.33
Investment Type Institutional
Tenant Credit No Credit Rating
Ground Lease No

4690 SF Mechanic Shop for Sale in American Fork, UT

Marketing description

!!!FULLY LEASED - DO NOT CONTACT TENANTS!!!

Located in the heart of American Fork (at 70 S. 300 E., American Fork, UT 84003), this rare automotive/flex property offers a highly functional layout with excellent visibility, access, and on-site parking. Situated on a generous lot (.33 acres), the property features a 4,440 square foot main building along with a detached 250 square foot storage shed, and a cement parking area accommodating approximately 33 vehicles.

Designed for automotive use, the building includes six mechanic bays with seven bay doors, providing efficient workflow and flexibility for a variety of automotive, service, or light industrial operations. All bays are currently leased among 3 tenants. The tenants have roughly 2.5 years remaining on their respective leases and combined pay $8,500 in monthly rent (aka - a 5.5% CAP RATE). One of the bays is equipped with a fully certified paint booth, offering a turnkey opportunity for collision repair, auto body, or custom paint services. The combination of multiple drive-in doors, ample parking, and specialized improvements makes this property ideal for an investors seeking a well-equipped facility in a prime American Fork location.

With convenient access to major transportation corridors and surrounding retail and commercial amenities, this property presents an exceptional opportunity for automotive, fleet, contractor, or service-related businesses looking to establish or expand their presence in northern Utah County.

Seller is willing to explore a Seller Finance Purchase Offer under the following terms:

  • Purchase price = $1,850,000
  • Down-payment amount = $450,000
  • Seller finance amount = $1,400,000
  • Interest rate = 8% (as of 6/24/26, the interest rate in Utah is around 6.34% to 6.58%)
  • Term length = 30 Years
  • Monthly payments = $10,272.70
  • Possible balloon payment on or after 5 years

See YouTube video for recent renovations at https://www.youtube.com/watch?v=sIuDKLZZb7Y&list=PL_4IMxs6tKcSviOTtozb4R7H6fsahvwPl&index=23

!!!FULLY LEASED - DO NOT CONTACT TENANTS!!!

Investment highlights

  • 6 Bays
  • 7 Ground Level Doors
  • 2 Bathrooms
  • 2 Tenants
  • 1 Paint Booth
  • Fully Leased (Cap Rate = 5.5%)

Listing Contacts

TC
UT UT 6494753-SA00
Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Listed by Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors

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Additional Information

Name
Truett Chamberlain
License
UT 6494753-SA00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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