298 N Main St, Richfield, UT 84701
For Sale
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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.
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South China Cafe Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.