1075 S 75 E, Richfield, UT 84701
1075 S 75 E, Richfield, UT 84701
1075 S 75 E, Richfield, UT 84701
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$900,000
Est. payment /mo
7,450 SqFt
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Key Details

Property Type Commercial

Sub Type Other - See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 7,450 sqft

Price per Sqft $120

MLS Listing ID 25-267148

Year Built 2001

Annual Tax Amount $8,323

Lot Size 0.880 Acres

Acres 0.88

Property Sub-Type Other - See Remarks

Source Washington County Board of REALTORS®

Land Area 7450

Property Description

Prime commercial building with auto shop and three income-producing tenants. It sits just one block off South Main near Walmart and I-70. The property includes five service bays, upgraded AC (2025), fully asphalted parking and storage areas, and an oil-water separator-significant cost savings compared to new construction. The site benefits from rare grandfathered industrial zoning, eliminating today's impact fees and drainage requirements typically imposed at other sites. Three spaces currently leased to an auto detailer, salon, and bookstore provide approx. $1,950/month in additional income. When combined with the auto shop's operating income, the projected performance indicates an estimated CAP rate of 10.25%, depending on buyer structure and if the business is acquired alongside the property (buyer to verify all financials independently). Mike's Auto Clinic, a respected 35-year business, along with its trained staff, customer base, and approximately $200K in equipment, may be purchased separately. Financials are available with a signed NDA. Seller is willing to assist with transition making this a strong turnkey opportunity with significant growth potential including towing, heavy-equipment/AG repair, fleet services, body/paint, or equipment rental (buyer to verify). List price reflects real estate only; business and equipment are optional.

Location

State UT

County Other

Exterior

View Y/N No

Building

Story 2

New Construction No

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Rob Kayce

Rob Kayce

+1(801) 441-9196

Real Estate Agent | License ID: 8972135-SA00

Real Estate Agent License ID: 8972135-SA00

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