Address
1657 N State St, Lehi, UT
Price
$ 7,100,000
Property Attributes
- MLS#2184157
- TypeIndustrial
- Listing Status Active
- CountyUTAH
- CityLehi
- AreaAm Fork
- Zip84043
- Style
- Year Built1993
- Taxes$ 30611
- Price$ 7,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
Newly renovated (2022) industrial building conveniently located in Lehi right off the 2100 S I-15 Interchange. Tenant in place. Priced aggressively at a 6.5% cap rate on year 1 NOI. Below market rents with 11% bump in year one, 3% annual bumps thereafter. Priced well below replacement cost and a great price per square foot at $176. Potential Owner/User building as well. Building information and square footage figures are provided as a courtesy only. Buyer is advised to verify all information
| Price History | |
|---|---|
| 9/9/2026 | Listed $7,100,000 |
General Features
| Year Built | 1993 |
|---|---|
| Property Subtype | Industrial |
| Current Use | Industrial,Office |
| Ownership | Agent Owned |
| County | Utah |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA | No |
| Attached Garage | No |
| Facing Direction | East |
| Garage Y/N | No |
| Status | Active |
| City | Lehi |
| Senior Community Y/N | No |
| Zoning Description | I |
| MLS Area | Am Fork; Hlnd; Lehi; Saratog. |
| Lot Size Units | Acres |
| Lot Size Square Feet | 87120.0 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Tax Annual Amount | 30611.0 |
| Home Warranty Y/N | No |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| PostalCity | Lehi |
| ADU | No |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
Exterior Features
| Lot Size Area | 2.0 |
|---|---|
| Spa | No |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 2.0 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Industrial Average in 84043
Price
Taxes
Year Built
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
