Homes for sale - 119 E 200 N, Alpine, UT 84004

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Utah Real Estate Pros

Utah Real Estate Pros Team

eileen@distinctionrealtygroup.com +1(801) 891-1084

$ 8,900,000

Est. payment | -/mo

4.12 Acres Lot

Save

$ 8,900,000

Est. payment | -/mo

Save

4.12 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2056769

Construction Status Blt./Standing

HOA Y/N No

Year Built 1990

Annual Tax Amount $55,316

Lot Size 4.120 Acres

Acres 4.12

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Industrial

Property Description

This is an owner-user opportunity to acquire an advanced manufacturing and office site in the prestigious Alpine, Utah. Comprising 90,581 square feet, this specialized manufacturing facility boasts substantial power, high-flow water lines, and many other manufacturing must-haves. Alpine is a city on the northeastern edge of Utah County, Utah. Alpine has been one of the many quickly growing cities of Utah since the 1970s, especially in the 1990s. This city is thirty-two miles southeast of Salt Lake City. It is located on the slopes of the Wasatch Range north of Highland and American Fork. The west side of the city runs above the Wasatch Fault. The area, which would one day become Alpine, was settled by William Wordsworth and several other homesteading families in the fall of 1850. The town was originally called Mountainville, and under the latter name settlement was first made in 1851. The city was renamed because the views from the elevated town site were compared to the Swiss Alps. Since 2010, Forbes has consistently ranked Utah as one of the top five "Best States for Business." The state benefits from light regulation and energy costs that are 23% below the national average. Employment expanded 3.1% year-over-year, making the state the national leader for job growth. Utah has been a tech destination for years, with companies such as eBay, Oracle, Microsoft, Twitter, Facebook, and Amazon building up a heavy presence in the state as a low-cost alternative to California. Today, there are over 7,000 tech and life sciences companies located in Utah. Venture capital firms invested $1.1 billion in Utah in 2019-more than three times the average investment over the past four years. Since the end of the Great Recession in 2009, venture capital investment in Utah companies has grown by 500%, nearly double the national growth rate. The number of deals per year has also more than doubled in the same time period. Utah's economic performance is impressive on many levels and speaks to the State's ability to compete in global markets and attract new business. Companies that have recently expanded within or entered Utah include Adobe, eBay, Amazon, Goldman Sachs, Fidelity, and Twitter. This tenant migration has had a notable impact on the region's unemployment rate, which at 2.4% (February 2023) is the fourth-lowest rate in the U.S.

Location

State UT

County Utah

Area Alpine

Zoning Commercial, Industrial

Interior

Heating Forced Air

Cooling Evap. Cooler Multi-Vent

Fireplace No

Exterior

View Y/N No

Present Use Industrial

Private Pool No

Building

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 02-010-0025

Listed by LEGEND PARTNERS ll, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 891-1084

eileen@distinctionrealtygroup.com

11240 S River Hights Dr, South Jordan, Utah, 84095, USA

119 E 200 N Alpine, UT 84004