Provo Town Square
55 N University Ave, Provo, UT 84601
Provo Town Square (PTS) is an 89,951-square-foot retail and office building located in the heart of downtown Provo, Utah, presenting a compelling opportunity for value-add investors. Strategically positioned along the city’s primary thoroughfares and within close walking distance to Brigham Young University, the 2.21-acre property is currently 69% leased and offers immediate upside through lease-up and rent growth. Recent capital improvements have enhanced the building’s appeal, including modernized tenant suites, upgraded common areas, and preserved historic architectural details that maintain its unique character. A three-story on-site parking structure supports both tenant and visitor convenience—an uncommon amenity in the downtown core.
PTS is located in the Provo-Orem metro area, which has been ranked the #1 "Best Performing City" for three consecutive years by the Milken Institute due to its strong job growth, wage increases, and rapidly expanding high-tech sector. The property’s central location drives consistent foot traffic and positions it to attract a wide range of retail and office tenants seeking visibility, accessibility, and strong community presence in one of Utah’s most economically dynamic and institutionally anchored markets.
Available
Building Details
- For Sale $10,250,000
- Property Type Office - General Office
- Property Size 89,951 SF
- Lot Size 2.21 SF
- Additional Rent Price on request
- Year Built 1888
- Year Renovated 2022
- Date Updated Nov 8, 2026
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Colliers
Colliers
Location
- City Provo, UT
- Neighborhood Timp
- Zip Code 84601
- Market Salt Lake City
-
Walk score 93/100 Walker's Paradise -
Transit score 51/100 Good Transit
Points of Interest
Provo
0.63 miles
Vineyard
7.26 miles
Smith's Fuel Center
0.30 miles
7-Eleven
0.35 miles
Crest Fuel Island
0.57 miles
Crest
0.59 miles
Maverik
0.77 miles
Chevron
0.84 miles
Sinclair
0.87 miles
Shell
0.95 miles
UVU parking W2
4.86 miles
ChargePoint
7.25 miles
57Y
0.66 miles
56Y
0.72 miles
56A
0.74 miles
34Y
0.76 miles
33Y
0.78 miles
33G
0.81 miles
33A
0.81 miles
59Y
0.86 miles
36Y
0.86 miles
59G
0.86 miles
Enterprise
0.48 miles
BYU Service Station
1.12 miles
Take 5 Car Wash
1.52 miles
Quick Quack
3.47 miles
8th South Car Wash
3.71 miles
Wiggy Wash
4.89 miles
Quick Quack Car Wash
5.35 miles
Express Wash
5.66 miles
Wiggy Wash Car Wash
7.58 miles
Black Sheep Cafe
0.00 miles
Station 22
0.01 miles
Gandolfo's
0.03 miles
Good Move Cafe
0.03 miles
Lotus Garden
0.04 miles
Pho Plus
0.05 miles
Two Jack's Pizza
0.05 miles
Demae
0.06 miles
Guru's
0.06 miles
India Palace
0.07 miles
Smith's
0.34 miles
Asian Market
0.43 miles
Fresh Market
0.52 miles
Grocery Outlet
1.01 miles
Sears
1.11 miles
JCPenney
1.18 miles
Target
1.27 miles
BYU Creamery Outlet at Helamen
1.30 miles
Maceys
1.37 miles
Rancho Markets
1.68 miles
Provo Police Deparment
0.43 miles
Utah Valley Hospital
1.03 miles
Revere Health
1.17 miles
BYU Police Department
1.20 miles
Utah State Hospital
1.29 miles
Student Health Center
1.85 miles
IOCDME
2.83 miles
Edgemont Pharmacy
3.36 miles
University of Utah Health Clinic
3.40 miles
Orem Fire Station #1
3.43 miles
Listing Summary
-
Property Financials 55 N University Ave is currently listed for sale at $10,250,000 for a price per square foot of $113.95.
-
Property Details 55 N University Ave totals 89,951 square feet of Office space on a lot spanning 2.21 square feet.
The property was initially built in 1888, being last renovated in 2022.
-
Area Characteristics In terms of ease of commuting, the area has a walk score of 93, indicating that it is perfect for walking.
