53
See all 53 photos
$950,000
Est. payment /mo
0.88 Acres Lot
New
1075 S 75 E Richfield, UT 84701
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Richfield Commercial Center
MLS Listing ID 2125212
Construction Status Blt./Standing
HOA Y/N No
Year Built 2001
Annual Tax Amount $8,323
Lot Size 0.880 Acres
Acres 0.88
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Industrial
Property Description
Prime commercial building with auto shop and three income-producing tenants. Located at 1075 S 75 East in Richfield, this 7,450 sq. ft. facility on 0.88 acres sits just one block off South Main near Walmart and I-70. The property includes five service bays, upgraded AC (2025), fully asphalted parking and storage areas, and an oil-water separator-significant cost savings compared to new construction. The site benefits from rare grandfathered industrial zoning, eliminating today's impact fees and drainage requirements typically imposed in the industrial park. Three small suites currently leased to an auto detailer, salon, and bookstore provide approx. $1,950/month in additional income. When combined with the auto shop's operating income, the projected performance indicates an estimated CAP rate of 10.25 %, depending on buyer structure and whether the business is acquired alongside the property (buyer to verify all financials independently). Mike's Auto Clinic, a respected 35-year business, along with its trained staff, customer base, and approximately $200K in equipment, may be purchased separately. Financials are available with a signed NDA. Seller is willing to assist with transition, making this a strong turnkey owner-operator or investor opportunity. Growth potential includes towing, heavy-equipment/AG repair, fleet services, body/paint, or equipment rental (buyer to verify). List price reflects real estate only; business and equipment are optional.
Location
State UT
County Sevier
Area Central Sevier
Interior
Fireplace No
Exterior
View Y/N No
Present Use Industrial,Office
Private Pool No
Building
Faces West
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 3-23-1 01
Listed by KW Ascend Keller Williams Realty
Mortgage Calculator
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
GET MORE INFORMATION