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    203 Main St Richfield, UT 84701

    For Sale
    $474,900

    Main Street Retail & Land, $474,900

    Property size:
    8,783 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property in Richfield, Utah, presents a unique investment opportunity. Located at 203 South Main Street, this 0.37-acre lot boasts a total of 8,783 square feet of space spread across two buildings with separate addresses, offering potential for multiple businesses. The main building, situated directly on Main Street, is adaptable to a variety of commercial uses. A second building, facing north on 200 South, provides additional space and flexibility. Constructed in 1977, the property may require some modernization to suit specific business needs. Currently, one building is leased to a car dealership. The property's prime Main Street location offers excellent visibility and accessibility, making it an ideal investment for entrepreneurs seeking a high-traffic commercial space in a thriving Utah community. The zip code is 84701, and the property is situated in Sevier County. This is a rare chance to acquire a substantial commercial property in a desirable location with significant potential for growth and return on investment. The asking price is $474,900.

    Property Features for 203 Main St

    General Information

    Property type
    Land
    Square Feet
    8,783 SF
    Lot Size
    16,117 SF

    HighLights

    • $474,900 asking price.
    • Retail and land property totaling 8,783 square feet.
    • Located on Main Street in Richfield, UT, 84701.
    • 0.37‑acre lot size.
    • Two buildings on two separate addresses, offering potential for multiple businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -112.0844141
    Latitude
    38.7651287

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    FAQs

    What type of property is this?
    Land - Main Street Retail & Land, $474,900
    Where is this land 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.
    What are key features of this property?
    This property features: $474,900 asking price.; Retail and land property totaling 8,783 square feet.; Located on Main Street in Richfield, UT, 84701.
    Request Owner's contact information
    203 Main St 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
    203 Main St Richfield, UT 84701
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