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    Hwy 120 & County Rd Richfield, UT 84701

    For Sale
    $840,000

    Prime 4-acre retail land, $840,000

    Property size:
    174,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4-acre commercial land parcel in Richfield, Utah, presents a remarkable investment opportunity. Located at the intersection of Hwy 120 and County Rd, this strategically positioned property boasts a substantial 174,240 square feet of developable land, offering significant potential for retail development. The asking price is $840,000, translating to a land value of $4.82 per square foot. Existing infrastructure includes readily available electricity and sewer connections, as well as established street access, simplifying the development process and reducing upfront costs. The property's substantial size and prime location in the thriving community of Richfield, Sevier County, Utah (zip code 84701), make it ideal for a variety of retail ventures. This is a rare opportunity to acquire a large, well-situated parcel in a growing market, offering excellent returns for discerning investors. The property's coordinates are 38.79175 latitude and -112.082462 longitude. This is a turnkey opportunity for immediate development. Don't miss this chance to secure a prime piece of Richfield real estate.

    Property Features for 0 Hwy 120 & County Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    174,240 SF
    Lot Size
    174,240 SF

    HighLights

    • 1,742,400 square foot building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Richfield
    County
    Sevier
    State
    Utah
    Longitude
    -112.082462
    Latitude
    38.79175

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    FAQs

    What type of property is this?
    Individual retail property - Prime 4-acre retail land, $840,000
    Where is this individual retail property located?
    The property is located at Hwy 120 & County Rd Richfield, UT.
    What is the asking price?
    The asking price for this property is $840,000.
    What are key features of this property?
    This property features: 1,742,400 square foot building.; ;
    Request Owner's contact information
    Hwy 120 & County Rd 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
    Hwy 120 & County Rd Richfield, UT 84701
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