203 Main St Richfield, UT 84701
- Retail space
- 0.13 lot acres
Current Use by Public Records
- Retail space
Property Details for 203 Main St
- Lot size
- 0.13 lot acres
- Property type
- Retail space
- APN
- 1-18-26
- APU
- 11826
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richfield
- County
- Sevier
- State
- Utah
- Longitude
- -112.084
- Latitude
- 38.7651
