Property profile

298 Main St Richfield, UT 84701

OFF-MARKET
Drive through restaurants
Property ID
US86-1144305
0.45 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Lot 0.45 ac (19,602 SF)
APN 1-41-7
UPID US86-1144305

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

298 Main St Richfield, UT 84701-2272
Richfield metro Census 975400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2018
4 recorded transactions
2021
Price N/A
2018
Price N/A
2017
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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