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$ 950,000
Est. payment /mo
Active
1075 S 75 E Richfield, UT 84701
7,450 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other - See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 7,450 sqft
Price per Sqft $127
MLS Listing ID 25-267148
Year Built 2001
Annual Tax Amount $8,323
Lot Size 0.880 Acres
Acres 0.88
Property Sub-Type Other - See Remarks
Source Washington County Board of REALTORS®
Land Area 7450
Property Description
Prime commercial building with auto shop and three income-producing tenants. It 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 at other sites. Three spaces 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 if 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 opportunity with significant growth potential including 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 Other
Area Outside Area
Zoning Industrial, Commercial
Exterior
View Y/N No
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 3-23-1 01
Acceptable Financing Submit, Seller Financing, Exchange
Listing Terms Submit, Seller Financing, Exchange
Listed by KW Ascend Keller Williams Realty