41 100Richfield, UT 84701

Property Details for 41 100

Lot size

0.46 AC

Property type

Retail properties

Property subtype

Banks

APN

1-24-10

APU

12410

Description

This exceptional commercial property in Richfield, Utah, presents a lucrative investment opportunity. Located on 100 East, this well-maintained complex boasts ten versatile suites, currently 90% occupied, offering immediate income generation. Each suite can function independently or be combined for larger operations, providing flexibility for various business needs. The property sits on a 0.46-acre lot and features recently updated infrastructure, including a newer roof and two brand-new HVAC units, ensuring minimal maintenance and operational costs. The interior has undergone recent remodeling, enhancing its modern appeal. Public restrooms are conveniently located within the complex. A key advantage is the current rental rates, which are below market average, presenting a significant opportunity to increase revenue. This property is ideal for investors seeking a strong return on investment or business owners looking to expand their operations in a prime Richfield location. The high occupancy rate and flexible leasing options make this a truly exceptional commercial offering. The property's excellent condition and strategic location combine to create a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $7,892,440

  6.5%

  $7,285,329

  7%

  $6,764,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,116,826

  Geo Method

  $10,116,826

• Alternative Use

  Use

  Valuation

  Residential

  $6,145,448

  Hospitality

  $5,629,197

  Educational

  $4,683,426

  Medical

  $4,844,496

  Retail

  $7,285,329

Location Insight

City

Richfield

County

Sevier

State

Utah

Latitude

38.7675

Longitude

-112.082

Property Tax & Assessments

FAQs

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