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    FOR SALE
    Auto shops

    975 N Main St, Richfield, UT 84701

    0.5 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US86-0961755
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Lot 0.5 ac (21,780 SF)
    APN 1-2-52
    UPID US86-0961755
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    955 N Main LLC · 4 yrs held
    955 N Main LLC
    since 2022
    3 recorded transactions
    2022
    2021
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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