Search
Main Street Restaurant Opportunity
For Sale
$1,299,900

298 N MAIN ST, Richfield, UT 84701

High-visibility restaurant space on Main Street ready for new venture.

Property Size7,000 SF
Lot Size0.45 Acres
Price / SF$185.70
Days on Market626

Property Features for 298 N MAIN ST

General Information

Standard status Active
Size 7,000 SF
Lot size 0.45 Acres
Property subtype Commercial/Industrial

Taxes and HOA fees

Annual Taxes $16,945

Building Details

Year Built 2003
Listing Agency: Coldwell Banker Preferred Properties
Listed By: Troy Poulsen · License #5484730
Source: Exitrealty
Added: Nov 21, 2024 Changed: Aug 7 Last Checked: Aug 8 at 7:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Preferred Properties

Investment Insights

Based on property information with market context.

This property offers a versatile space suitable for a new concept or a restaurant. The building, with over 7,000 sq ft, features a well-equipped commercial kitchen and separated areas for parties and events. It is located on a high-traffic street corner on Main Street and offers excellent visibility with a lighted signage pylon in place. The space is move-in ready and primed for a successful venture.

Key Highlights

  • Prime Main Street location with excellent visibility on a high‑traffic corner.
  • Move‑in ready, high‑quality space suitable for various concepts or a restaurant.
  • Large building with over 7,000 sq ft.

Property Analytics

Current Use

South China Cafe Restaurant

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Electrical Service Big Box & Wholesale Store Barber Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

171
Businesses Nearby
Well-served
Demand for This Use

Demographics for 84701, UT

8,883
Population
3,345
Households
2.7
Avg Household Size
33
Median Age
23%
College-Educated
92%
High-School Grad
229.1 sq mi
ZIP Area
39
Density / Sq Mi
$77,532
Median Household Income
$34,421
Median Earnings
$855
Median Rent
$296,500
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Restaurant - High-visibility restaurant space on Main Street ready for new venture.
Where is this restaurant located?
The property is located at 298 N MAIN ST Richfield, UT.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Prime Main Street location with excellent visibility on a high‑traffic corner.; Move‑in ready, high‑quality space suitable for various concepts or a restaurant.; Large building with over 7,000 sq ft.
More about this property
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