Opis:

Times Square is a high visibility 5 building commercial complex in downtown Provo. It is located on the corner of the roundabout linking the Leeward Highway, Airport Road and South Dock Road. There is no more visible or convenient business location on Provo. The subject property is 1.88 acres and is comprised of two 2 storey buildings and 3 single storey buildings with a large paved parking area and concrete pedestrian sidewalks. Current tenants include two restaurants, the Provo library, a money transfer business and a grocery store. A car wash also operates on the undeveloped portion of the site. Total developed, rentable space is approximately 14,200 sq. ft. currently generating just under US$220,000 per annum. At the listed price that equates to 6.45% and there is plenty of space on the site for further development.