340 E 1200 S, Orem, UT 84058
$1,775,000
Est. $10,137/mo
- Built
- 1970
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.
Features
- Horse property
- Floor Drains
- Basement
- Kitchen
- Restroom: Private
- Out Buildings
Agents
Buyer’s agents active in Orem
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Home details
Property
- Type
- Commercial Sale
- Style
- Office
- Year built
- 1970
- Stories
- 0
- Condition
- Blt./Standing
- County
- Utah
- Zoning
- Commercial
- MLS #
- 2194476
Costs
- List price
- $1,775,000
- Annual taxes
- $5,800
- Home warranty
- No
Lot and parking
- Lot
- 0.31 ac
- Covered spaces
- 0
- Total parking
- 0
Systems
- Heating
- Natural Gas
- Cooling
- Central Air
- Roof
- Wood
- Flooring
- Tile
All home details35 details
Property Info
- Property Type
- Commercial Sale
- Property Style
- Office
- Condition
- Blt./Standing
- MLS #
- 2194476
- County
- Utah
- Year Built
- 1970
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Lot Size (Acres)
- 0.31
- Lot Size
- 13,503.6 sq ft
- Zoning
- Commercial
Financial
- List Price
- $1,775,000
- Original Price
- $1,775,000
- HOA
- No
- Annual Taxes
- $5,800
- Home Warranty
- No
Structure
- Roof
- Wood
- Flooring
- Tile
- Heating
- Natural Gas
- Cooling
- Central Air
Lot & Land
- Waterfront
- No
- Horse Property
- Yes
Parking
- Garage
- No
- Carport
- No
- Covered Spaces
- 0
- Total Parking
- 0
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
Utilities
- Utilities
- 120/240 V 1 Phase,Gas: Natural
Timeline
- Listed
- Nov 2, 2026
- Days on Market
- 1
- Status
- Active
Orem market
Explore OremOrem median
$500,000
This home: 255% above
Days to sell
65
Utah: 70
Homes for sale
190
Price range
$230k – $4.6M
Sale to list
99%
Market
Balanced market
SafetyModerate · 44.2 incidents per 1,000 residents · 5% below the Utah average
Safety rating 5.0 out of 10.
Violent
9.5
per 1,000 · national 3.6
Property
25.1
per 1,000 · national 17.6
vs Utah
−5%
46.4 per 1,000 statewide
vs Utah
+44%
30.8 per 1,000 countywide
Society
9.6
per 1,000
Population 94,571 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Common questions
About 340 E 1200 S, Orem, UtahWhat is the asking price for 340 E 1200 S, Orem?
340 E 1200 S, Orem is listed at $1,775,000. This listing is currently active and available for showings.
How long has 340 E 1200 S, Orem been on the market?
This property has been listed for 1 days. The average days on market in Orem is 65 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.
Is 340 E 1200 S, Orem suitable for horses?
Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.31-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.
How does this listing compare to the Orem market?
340 E 1200 S, Orem is listed at $1,775,000, which is above the Orem median of $500,000 by $1,275,000. There are currently 190 active listings in Orem. Homes in Orem sell in an average of 65 days. The average sale-to-list ratio is 99.0%.
What is the commute like from 340 E 1200 S, Orem?
340 E 1200 S, Orem is located in Orem, in the Wasatch Front region of Utah. With a population of approximately 100,000, Orem offers a residential setting. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.
What would homeowner's insurance cost for 340 E 1200 S, Orem?
Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $1,775,000, expect approximately $5,325-$8,875/year ($444-$740/month). Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.
All 8 questions
Could 340 E 1200 S, Orem be a 1031 exchange property?
Yes, 340 E 1200 S, Orem could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.
When was 340 E 1200 S, Orem built?
This property was built in 1970, making it 56 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.
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