1180 Cove View RdRichfield, UT 84701

Property Details for 1180 Cove View Rd

Lot size

2.35 AC

Property type

Commercial real estate

APN

1-7A-22

APU

17A22

Description

This exceptional 1.13-acre property in Richfield, Utah, presents a prime opportunity for investors and developers. Located in a designated Opportunity Zone, this shovel-ready site includes complete development plans for a 28-unit Class A apartment building. The comprehensive package includes civil plans, architectural designs, geotechnical and topographical surveys, easement and utility plans, and all necessary construction documents. Projected gross monthly rents are $32,400, leading to an estimated profit exceeding $1.5 million upon stabilization. The property's RM24 zoning ensures compliance and facilitates a smooth development process. The four-story building is designed to maximize space and rental income. This is a truly unique opportunity to capitalize on significant tax incentives while generating substantial returns in a thriving Utah market. All necessary documentation is readily available for immediate review and action. This is a turn-key project ready for immediate construction. Don't miss this chance to acquire a high-yield, low-risk investment in a prime location.

Location Insight

City

Richfield

County

Sevier

State

Utah

Latitude

38.7516

Longitude

-112.093

Property Tax & Assessments

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