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Jake Litchfield

jakelconnects@gmail.com +1(385) 241-4424

$ 895,000

Est. payment | -/mo

0.27 Acres Lot

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$ 895,000

Est. payment | -/mo

Save

0.27 Acres Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2145723

Construction Status Blt./Standing

HOA Y/N No

Year Built 1918

Annual Tax Amount $4,575

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 57.0x140.0x61.0

Property Sub-Type Retail

Property Description

Commercial Investment Property Richfield Main Street Positioned on Richfield's Main Street, this commercial building offers immediate income with clear upside potential. The property contains 5,891 sq. ft. of above-grade commercial space and an additional 1,240 sq. ft. of unfinished basement area, providing future expansion or storage opportunities (buyer to verify permitted use). The building is divided into five commercial units, with three currently occupied by stable, long-term tenants, creating in-place cash flow. Two vacant units allow a new owner to implement a lease-up strategy and increase overall rental income. With prominent Main Street frontage, the property benefits from high visibility, steady downtown traffic, and consistent demand for small commercial spaces. 1240 Sq ft in the back part of building plus unfinished basement represents further value-add potential. This asset is well suited for an investor seeking to improve returns through increased occupancy, potential reconfiguration of space, and operational efficiencies.

Location

State UT

County Sevier

Area Central Sevier

Zoning Commercial

Interior

Interior Features Basement

Heating Natural Gas

Cooling Central Air

Flooring Laminate

Inclusions Fixtures, Real Estate

Fireplace false

Window Features None

Appliance Real Estate

Exterior

Exterior Feature Paved Parking

Utilities Available Gas: Natural, Separate Meter: Gas, Separate Meter: Elec.

View Y/N No

Roof Type Asphalt,Pitched

Present Use Retail

Accessibility Ground Level, Single Level

Private Pool false

Building

Faces East

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 1-22-1

Acceptable Financing Cash, Conventional, SBA

Horse Property Yes

Listing Terms Cash, Conventional, SBA

Listed by ERA Brokers Consolidated (Richfield Branch)

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NEARBY SCHOOL & BUSINESS

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Phone

+1(385) 241-4424

jakelconnects@gmail.com

Address

-, Lehi, Utah, 84043, USA

92 S MAIN ST Richfield, UT 84701