1075 S 75 E

Richfield UT - 84701

MLS: 25-267148

Status: Active Last Updated: 18 days ago

$950,000

Bedrooms
0.0 Bathrooms
7450FT2 Area

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 Details

Total Area

7450

Total Bedrooms

N/A

Total Bathrooms

0.0

Year Built

2001

Property Type

D / Other - See Remarks

Subdivision

N/A

List Office Name

KW Ascend Keller Williams Realty

Listing Agent

DAVID BUSK

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