For sale MLS# 2159132 · 160 days on the market
$1,775,000
It starts with a call with an agent.
340 E 1200 S, Orem, UT 84058
About this home
A RARE OPPORTUNITY to acquire a freestanding 6,124 SF commercial building in one of Orem's most established retail corridors-with the flexibility to operate your own business, lease the property for income, or reposition the asset for another commercial use. This standalone building offers approximately 3,000 SF on the main level and 3,000 SF on the lower level, providing flexible space for a variety of commercial uses including restaurant, retail, office, medical, or owner-user opportunities. The building was fully Rebuilt/Upgraded/Improved in and out in 2006. Positioned in one of Orem's most visible commercial corridors, the property benefits from exceptional exposure, high ADT, and strong surrounding demographics. Features include designated parking, prominent marquee signage for maximum visibility, and convenient access from major thoroughfares. Surrounded by national retailers, restaurants, and established businesses, this location offers outstanding accessibility and long-term growth potential in one of Utah County's busiest commercial districts. **An additional value-add opportunity exists for a buyer looking to expand the property's existing footprint. The current ownership has obtained city approval and developed plans for a vertical addition to the existing building, creating the potential to add additional space above the existing structure. See attachments for reference. Please DO NOT disturb the restaurant. Contact the agent for details to access the property. FF&E are negotiable- contact agent for details. Square footage figures are provided as a courtesy estimate only . Buyer is advised to obtain an independent measurement.
Written by the listing agent.
Location
Living in Orem
Orem is a city in Utah County in the north central part of the state, adjacent to Provo, Lindon, and Vineyard and approximately 45 miles south of Salt Lake City.
- 98,129 residents (2020)
- 1 rail station
- 3 named trails
- 30 named parks
Monthly payment
- Principal & interest
- $9,836
- Property tax
- $483
- Home insurance
- $110
10% down ($177,500), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Lot
- 0.31 acres
- Subdivision
- CARILLON SQUARE
- Heating
- Natural Gas
- Cooling
- Central Air
- Flooring
- Tile
- Roof
- Wood
See all 10 details
- County
- Utah
- Faces
- West
- Zoning
- Commercial
- Terms
- Cash, Conventional, SBA
- Floor Drains
- Basement
- Kitchen
- Restroom: Public
- Out Buildings
- 120/240 V 1 Phase
- Gas: Natural
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Listing courtesy of Century 21 Everest / Tim Long. Based on information from UtahRealEstate.com as of 9/24/2026 5:08 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.