1080 1350Richfield, UT 84701

Property Details for 1080 1350

Lot size

0.40 AC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

1-10-42

APU

11042

Description

This exceptional turnkey restaurant opportunity in Richfield, Utah, presents a rare chance to acquire a thriving business in a prime location. The property, located at 1080 W 1350 S, boasts 3,901 square feet of well-maintained space, perfectly suited for continued restaurant operations or creative repurposing. The asking price is $1,500,000, translating to a price per square foot of $384.52, reflecting the property's strong value and potential. Situated in Sevier County, Utah, with a zip code of 84701, this single-building property benefits from high visibility and convenient access for customers. The location's strong demographics and established clientele base provide a solid foundation for continued success. The property's size and layout offer ample space for both front-of-house operations and a fully equipped kitchen. This is an ideal investment for experienced restaurateurs seeking an established business or entrepreneurs looking to launch their culinary vision in a vibrant community. The property is categorized as retail, specifically a restaurant, and is ready for immediate occupancy. Detailed financial information is available upon request. Don't miss this exceptional opportunity to own a successful restaurant in a desirable Utah location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,862,854

  6.5%

  $6,334,942

  7%

  $5,882,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,797,064

  Geo Method

  $8,797,064

• Alternative Use

  Use

  Valuation

  Residential

  $5,343,760

  Hospitality

  $4,894,856

  Educational

  $4,072,463

  Medical

  $4,212,521

  Retail

  $6,334,942

Location Insight

City

Richfield

County

Sevier

State

Utah

Latitude

38.7494

Longitude

-112.104

Property Tax & Assessments

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