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Richfield,UT 84701
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2051160
Construction Status Blt./Standing
HOA Y/N No
Year Built 1913
Annual Tax Amount $10,180
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 0.0x0.0x0.0
Property Description
Prime Commercial Building for Sale in the Heart of Richfield's Downtown Discover an exceptional investment opportunity with this iconic corner lot commercial building, a landmark of Richfield's bustling downtown main street. Spanning three stories above grade, this meticulously updated property combines the charm of historical architecture with modern amenities, offering a unique blend of business and residential spaces. Key Features: Location: Situated on a prominent corner lot in Richfield's vibrant downtown area, this building offers high visibility and foot traffic, perfect for retail and dining establishments. Versatile Spaces: The ground floor boasts a dynamic mix of restaurant/retail and office spaces, designed to cater to a diverse clientele. The second-floor features 10 office spaces, accommodating a variety of professional services. The third-floor houses 4 residential apartment units, offering serene living spaces amidst the downtown hustle. Additional Income Potential: A leased rooftop to a telecommunication company provides a unique revenue stream. Moreover, a separate garage presents opportunities for additional rental income. High Occupancy: Currently 82% occupied, with a steady flow of prospective tenants, ensuring a continuous revenue stream. Updates and Improvements: Fully renovated to meet contemporary standards, including new electrical and plumbing systems, cosmetic enhancements, and a roof under 5 years old, ensuring low maintenance and operational costs. This property is not just a building but a piece of Richfield's history, now reimagined for modern use. Its strategic location, combined with the mix of commercial, office, and residential spaces, makes it an attractive hub for businesses and residents alike. The current high occupancy rate and ongoing interest from potential tenants speak volumes about its desirability and investment potential. Seize the opportunity to own a cornerstone of Richfield's community, a building that epitomizes the blend of tradition and progress. Whether you're expanding your real estate portfolio or looking for a standout location for your business, this commercial building offers an unparalleled opportunity to invest in a vibrant and growing downtown district. Don't miss out on this unique investment opportunity. Contact us today to schedule a viewing and explore the potential of this exceptional property.
Location
State UT
County Sevier
Area Central Sevier
Zoning Commercial
Interior
Interior Features Floor Drains,Cold Storage,Dishwasher,Kitchen,Laundry: Individual,Range/Oven,Refrigerator,Restroom: Private,Sprinkler System Fire
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet,Tile
Inclusions Furniture
Fireplace No
Window Features Blinds,Shades
Appliance Furniture
Exterior
Exterior Feature Paved Parking,Warehouse
Utilities Available 120/208 V 3 Phase 4 Wire
View Y/N No
Present Use Office
Handicap Access Accessible Elevator Installed
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 1-30-5
Acceptable Financing Cash,Conventional,Exchange,SBA
Listing Terms Cash,Conventional,Exchange,SBA