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    333 N Main Street Richfield, UT 84701

    For Sale
    $3,900,000

    51-Room Hotel, Prime Location, High Potential

    Property size:
    34,000 SF

    Description

    Added:
    Jan 15, 2025
    Days on Market:
    325
    This exceptional investment opportunity presents a 34,000 square foot Ramada by Wyndham hotel situated at 333 N Main Street, Richfield, UT 84701. The property boasts 51 well-appointed guest rooms, offering a strong foundation for continued success. Amenities include complimentary breakfast, free Wi-Fi, a fitness center, and an outdoor pool, all contributing to guest satisfaction and occupancy. The hotel benefits from a convenient location, providing easy access to local attractions and ensuring a consistent stream of visitors throughout the year. The 1.05-acre lot provides ample space. This established hotel offers a proven track record and a reputation for quality service, making it an attractive proposition for investors seeking growth within the hospitality sector in Richfield. Additional features include a business center and meeting/event space. The asking price is $3,900,000. This represents a compelling opportunity to acquire a well-maintained and profitable hotel in a thriving market.

    Property Features for 333 N Main Street

    General Information

    Property type
    Hotels
    Square Feet
    34,000 SF
    Price / Square Foot
    $114
    Elevators
    N/A
    Lot Size
    45,738 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    2
    Units
    51

    HighLights

    • 34,000 square foot Ramada hotel in Richfield, UT, offering 51 well‑appointed rooms.
    • Prime location at 333 N Main St ensures easy access to local attractions and steady visitor flow.
    • Attractive amenities include free Wi‑Fi, complimentary breakfast, fitness center, and outdoor pool.
    Insight Report Location Intelligence

    Current Use by Public Records

    Days Inn by ... Hotel Ramada by Wyndham ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    State
    Utah
    Longitude
    -112.08533
    Latitude
    38.772698

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    FAQs

    What type of property is this?
    Hotel - 51-Room Hotel, Prime Location, High Potential
    Where is this hotel located?
    The property is located at 333 N Main Street Richfield, UT.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 34,000 square foot Ramada hotel in Richfield, UT, offering 51 well-appointed rooms.; Prime location at 333 N Main St ensures easy access to local attractions and steady visitor flow.; Attractive amenities include free Wi-Fi, complimentary breakfast, fitness center, and outdoor pool.
    (435) 820-6801
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    333 N Main Street Richfield, UT 84701
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    Richfield, UT 84701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    333 N Main Street Richfield, UT 84701
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