Beautiful property with many possibilities for use! Currently setup as a commercial property with lots of character. Could be converted back into a residential property if desired. Located on main street in Richfield for high exposure/traffic. Has been used as a mortgage office for the past decade and would make a great professional office building. This property has been completely remodeled within the last 10 years including new plumbing, wiring, heating & air conditioning and roof. Property is set on a 1/4 acre with a 1 car garage attached to the building. There is approximately 1,450 finished square feet on the main floor and another 1,000 unfinished square feet in the basement.
Prime Commercial Building for Sale in the Heart of Richfield's Downtown Discover an exceptional investment opportunity with this iconic corner lot commercial building, a landmark of Richfield's bustling downtown main street. Spanning three stories above grade, this meticulously updated property combines the charm of historical architecture with modern amenities, offering a unique blend of business and residential spaces. Key Features: Location: Situated on a prominent corner lot in Richfield's vibrant downtown area, this building offers high visibility and foot traffic, perfect for retail and dining establishments. Versatile Spaces: The ground floor boasts a dynamic mix of restaurant/retail and office spaces, designed to cater to a diverse clientele. The second-floor features 10 office spaces, accommodating a variety of professional services. The third-floor houses 4 residential apartment units, offering serene living spaces amidst the downtown hustle. Additional Income Potential: A leased rooftop to a telecommunication company provides a unique revenue stream. Moreover, a separate garage presents opportunities for additional rental income. High Occupancy: Currently 82% occupied, with a steady flow of prospective tenants, ensuring a continuous revenue stream. Updates and Improvements: Fully renovated to meet contemporary standards, including new electrical and plumbing systems, cosmetic enhancements, and a roof under 5 years old, ensuring low maintenance and operational costs. This property is not just a building but a piece of Richfield's history, now reimagined for modern use. Its strategic location, combined with the mix of commercial, office, and residential spaces, makes it an attractive hub for businesses and residents alike. The current high occupancy rate and ongoing interest from potential tenants speak volumes about its desirability and investment potential. Seize the opportunity to own a cornerstone of Richfield's community, a building that epitomizes the blend of tradition and progress. Whether you're expanding your real estate portfolio or looking for a standout location for your business, this commercial building offers an unparalleled opportunity to invest in a vibrant and growing downtown district. Don't miss out on this unique investment opportunity. Contact us today to schedule a viewing and explore the potential of this exceptional property.
5500+ S.F. office on Richfield's Main Street. The building consists of 3500 SF on the main level, and almost 2,000 sf of split level up and down in the back. 13 private offices, 3 bathrooms, break room, conference room, and more work space. Plenty of off street parking in both the front and rear of building. Shown by appointment only.
Attention investors, business owners and creative real estate house hackers envision your future here, in a property that offers the best of both worlds - a successful commercial venture and a comfortable living space. Grab this opportunity and let this property be the cornerstone of your successful future! Experience the unique blend of residential and commercial versatility with this impressive property located in a prime commercial area of Richfield, UT. Boasting an impressive 2,143 sq ft of space, this property offers an array of financing opportunities for investors, business owners, and home seekers alike. Currently serving as a lucrative commercial site, the property features a well-designed layout including three expansive private offices, a welcoming waiting area, and ample parking with seven uncovered stalls. With a patio on the north side that could be utilized as additional parking, you have flexibility to meet the needs of any business venture. But the magic doesn't stop there. Hidden within this commercial haven is a charming studio apartment. Covering a generous 640 sq ft, the studio includes separate heating and air systems, making it a cozy and self-sufficient living space. The studio could be your perfect home above your own business, a desirable rental asset adding to your income stream, or the starting point of a duplex transformation. The property also includes a single-car garage, with 320 sq ft of space, perfect for storage or for safe parking. With the remarkable price of approximately $225k per door, this property is a rare find in the current market. Whether you're looking to expand your business, kick-start your journey into property investment, or find a unique living arrangement, this property has the potential to fulfill your vision.
Richfield is located in Utah. Richfield, Utah has a population of 7,589. Richfield is more family-centric than the surrounding county with 41.44% of the households containing married families with children. The county average for households married with children is 39%.
The median household income in Richfield, Utah is $42,269. The median household income for the surrounding county is $50,850 compared to the national median of $57,652. The median age of people living in Richfield is 30.4 years.
The average high temperature in July is 89.6 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 11.7 inches per year, with 18 inches of snow per year.
