Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    203 Main St Richfield, UT 84701

    For Sale
    $474,900

    Two Buildings, Main Street Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property in Richfield, Utah presents a rare investment opportunity. Located on Main Street, the 0.37-acre lot features two separate buildings, each with its own address, offering immense potential for dual businesses or expansion. The main building boasts prominent Main Street frontage, ideal for a variety of commercial uses. A second building, situated on 200 South, provides additional space and flexibility. Constructed in 1977, the buildings offer a solid foundation but may require some modernization to suit a buyer's specific needs. Currently leased to a car dealership, this property offers immediate income potential or the chance to develop a unique business strategy. The location on Main Street ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs seeking a well-positioned commercial space in a thriving community. The dual-building configuration allows for diverse business ventures, from retail to service-based operations. This is a chance to acquire a substantial commercial property in a desirable location with significant upside potential. The property's size and configuration provide ample room for growth and adaptation to various business models. The existing lease provides a stable income stream while offering the flexibility to reposition the property for future growth. This is a truly unique opportunity not to be missed.

    Property Features for 203 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    16,117 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    County
    Sevier
    State
    Utah
    Longitude
    -112.0844
    Latitude
    38.76506

    Nearby Similar for Sale

    • $2,850,000
      13,800 SF

      Richfield Multifamily Investment Opportunity

      Fully occupied 12-unit apartment complex near Snow College.
      819 W 50 N, Richfield, UT 84701
      View Details
    • $299,500
      0.24 Acres

      Remodeled Commercial Space on Main

      Versatile remodeled commercial space on Main Street in Richfield, Utah.
      465 N Main St, Richfield, UT 84701
      View Details
    • $2,850,000
      13,800 SF

      Richfield Multifamily Investment Opportunity

      Fully occupied 12-unit apartment complex near Snow College.
      797 W 50 N, Richfield, UT 84701
      View Details
    • $605,000
      2,545 SF

      Richfield Office Building For Sale

      Single-story office building near Snow College with ample parking.
      167 W 100 S, Richfield, UT 84701
      View Details
    • $710,000
      3,280 SF

      Former Auto Shop with Bays

      Former Jiffy Lube shop with three pass-through bays.
      975 N Main St, Richfield, UT 84701
      View Details
    • $2,500,000
      0.45 Acres

      Richfield Main Street Retail Gem

      High-traffic corner, move-in ready retail space.
      298 Main St, Richfield, UT 84701
      View Details

    FAQs

    What type of property is this?
    Retail property - Two Buildings, Main Street Frontage
    Where is this retail property located?
    The property is located at 203 Main St Richfield, UT.
    What is the asking price?
    The asking price for this property is $474,900.
    (435) 896-5550
    Request Owner's contact information
    203 Main St Richfield, UT 84701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    203 Main St
    Richfield, UT 84701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    203 Main St Richfield, UT 84701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.