Provo Town Square

55 N University Ave, Provo, UT 84601

Property Information

  • For Sale $10,250,000
  • Property Type Office - General Office
  • Property Size 89,951 SF
  • Lot Size 2.21 SF
  • Year Built 1888
  • Year Renovated 2022
  • Date Updated Oct 25, 2026

Description

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

Contacts

Location

Located at 55 N University Ave, Provo, UT 84601, this property is part of the Timp neighborhood and Salt Lake City market.

Contact Provo Town Square
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.