975 Main St Richfield, UT 84701
- Auto shops
- 0.50 lot acres
Current Use by Public Records
- Auto shops
Property Details for 975 Main St
- Lot size
- 0.50 lot acres
- Property type
- Auto shops
- APN
- 1-2-52
- APU
- 1252
Description
This exceptional investment opportunity presents a 3,280 square foot auto service shop located at 975 N Main St, Richfield, UT 84701. The property, built in 1996, sits on a 0.5-acre lot and features a two-story building with a main level of 1,960 square feet, including a 304 square foot office, and a 1,320 square foot basement. The shop boasts a full three-bay pass-through design, complete with pits in each bay, providing ample space for efficient vehicle servicing. The asking price is $850,000, or a lease is available at $60,000 annually (NNN), commencing June 1st, 2024. This single-tenant property benefits from a high-traffic location, surrounded by established businesses such as Subway, Arby's, Flying J, IFA, Best Western, and Mountain America Credit Union, ensuring strong visibility and customer accessibility. The property's APN is 0164844. This turnkey operation presents a compelling opportunity for an established auto service business or a savvy investor seeking a strong return. The property's size, layout, and prime location make it an attractive proposition for a variety of automotive-related businesses. The price per square foot is $259.15.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $410,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $350,000
- Mixed-Use
- $460,000
- Hospitality
- $425,000
- Educational
- $430,000
- Residential Income
- $420,000
- Energy
- $440,000
- Income-Based Land
- $405,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Richfield
- County
- Sevier
- State
- Utah
- Longitude
- -112.085
- Latitude
- 38.7817