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.
