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    145 South Main Street Richfield, UT 84701

    For Sale
    $1,290,000

    60-Room Hotel, Strong ROI Potential

    Property size:
    25,071 SF

    Description

    Added:
    Jan 15, 2025
    Days on Market:
    335
    This exceptional investment opportunity presents the Apple Tree Inn, a 60-room hotel located in the heart of Richfield, Utah, at 145 South Main Street, 84701. Spanning 25,071 square feet on a 1.8-acre lot, this established property boasts a strong operating history and consistent profitability. The hotel features well-appointed rooms designed for guest comfort. On-site amenities include free Wi-Fi, a pet-friendly policy, and an outdoor pool, enhancing guest experience and attracting a wider clientele. The property also includes manager's quarters, providing convenient on-site management capabilities. This owner/user investment is priced at $1,290,000 and presents a compelling opportunity for investors seeking a stable and lucrative return. Its prime downtown location and established reputation as a sought-after accommodation in Richfield ensure continued strong performance. The property's size and amenities make it an attractive option for both individual and portfolio investors. This is a rare chance to acquire a thriving hotel in a desirable location with significant growth potential.

    Property Features for 145 South Main Street

    General Information

    Property type
    Hotels
    Square Feet
    25,071 SF
    Price / Square Foot
    $51
    Elevators
    N/A
    Lot Size
    78,408 SF

    Building Details

    Year Built
    1967
    Units
    60

    HighLights

    • Prime downtown Richfield, UT location with strong operating history.
    • 60 well‑appointed rooms across 25,071 square feet.
    • 1.8‑acre lot includes manager's quarters & outdoor pool.
    Insight Report Location Intelligence

    Current Use by Public Records

    Appletree Inn Motel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    State
    Utah
    Longitude
    -109.874199
    Latitude
    42.866027

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    FAQs

    What type of property is this?
    Hotel - 60-Room Hotel, Strong ROI Potential
    Where is this hotel located?
    The property is located at 145 South Main Street Richfield, UT.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: Prime downtown Richfield, UT location with strong operating history.; 60 well-appointed rooms across 25,071 square feet.; 1.8-acre lot includes manager's quarters & outdoor pool.
    (435) 820-6801
    Request Owner's contact information
    145 South Main Street Richfield, UT 84701
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    145 South Main Street
    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
    145 South Main Street Richfield, UT 84701
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