For Sale Commercial MLS# 2184157

1657 N STATE ST

Lehi, UT 84043

$7,100,000

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About 1657 N STATE ST

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

Property details

Property

Type
commercial
Year built
1993
Lot
2.00 ac
List date
Sep 9, 2026

Schools

District
Alpine School District

Location

School district
Alpine School District

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Listed by Mckay Winkel, In Depth Realty (Elite)

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.