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    1350 Technology Dr Richfield, UT 84701

    Sponsored
    For Sale
    Contact for pricing

    Prime Utah retail land, sale/lease

    Property size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail development opportunity in Richfield, Utah, presents a unique chance to invest in a thriving community. Located at 1350 S Technology Dr, 84701, in Sevier County, this property offers a range of parcels totaling 43,560 to 522,720 square feet, situated on 1 to 12 acres of land. The property is zoned for restaurant, shopping center, and auto shop uses, making it ideal for a variety of commercial ventures. The land is available for sale at $18-$20 per square foot, or for lease at $35 per square foot. This development is strategically located in the heart of Central Utah, a region experiencing significant growth, and is anchored by a Home Depot, further enhancing its appeal and potential. The area boasts abundant recreational opportunities, attracting both residents and tourists, creating a strong market for commercial businesses. The property's APN numbers are 1-7-72, 1-7-75, 1-7-76, 1-7-77, and 1-10-13. A 10-year NNN lease is available. This is a remarkable opportunity to capitalize on the growth and potential of this vibrant community. The property's location within "Panoramaland," near stunning National Parks, adds to its allure and potential for attracting customers. This is a chance to become part of a flourishing commercial and residential development.

    Property Features for 1350 Technology Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    43,560 SF
    Lot Size
    43,560 SF

    HighLights

    • Retail property for sale or lease in Richfield, UT, totaling 43,560 - 522,720 square feet on 1‑12 acres.
    • NNN lease options available with a 10‑year term.
    • Land price: $18‑20 per square foot.
    • Property located at 1350 S Technology Dr, Richfield, UT 84701, APN: 1‑7‑72; 1‑7‑75; 1‑7‑76; 1‑7‑77; 1‑10‑13.
    • Suitable for restaurant, shopping center, or auto shop uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Sevier
    State
    Utah
    Longitude
    -112.1011945
    Latitude
    38.7473732

    Nearby Comparable

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Utah retail land, sale/lease
    Where is this lifestyle center located?
    The property is located at 1350 Technology Dr Richfield, UT.
    What are key features of this property?
    This property features: Retail property for sale or lease in Richfield, UT, totaling 43,560 - 522,720 square feet on 1-12 acres.; NNN lease options available with a 10-year term.; Land price: $18-20 per square foot.
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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
    1350 Technology Dr Richfield, UT 84701
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