Property summary
This exceptional 7,000+ square foot retail property, situated on a prominent corner lot at 298 Main Street in Richfield, Utah, presents a remarkable investment opportunity. Boasting excellent visibility and a high-traffic location, this move-in ready space is perfect for a variety of commercial ventures. The building sits on a 0.45-acre lot and features a fully equipped commercial kitchen, ideal for restaurants or businesses requiring food preparation capabilities. Multiple separated areas within the building are well-suited for private parties or events, adding versatility to its potential uses. A lighted pylon sign is already in place, ensuring maximum brand visibility for the new owner. The property's versatile layout and prime location make it an exceptional opportunity for entrepreneurs seeking a high-impact space to launch or expand their business. The asking price is $2,500,000. This is a rare chance to acquire a well-established, high-quality commercial space in a thriving Richfield location. The building is ready for immediate occupancy, allowing for a swift transition and rapid return on investment. Don't miss this chance to secure a prime piece of Richfield real estate.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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