47
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$950,000
Est. payment /mo
7,450 SqFt
Active
1075 S 75 E Richfield, UT 84701
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Key Details
Property Type Commercial
Sub Type Commercial Building
Listing Status Active
Purchase Type For Sale
Square Footage 7,450 sqft
Price per Sqft $127
MLS Listing ID 113996
Construction Status Existing
Year Built 2001
Annual Tax Amount $8,323
Lot Size 7,450 Sqft
Acres 0.88
Property Sub-Type Commercial Building
Source Iron County Board of REALTORS®
Property Description
Prime commercial building with auto shop and three income-producing tenants. Located at 1075 S 75 East in Richfield, this 7,450 sq. ft. facility on 0.88 acres 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 in the industrial park. Three small suites 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 whether 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 owner-operator or investor opportunity. Growth potential includes 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 Sevier
Community Not Applicable
Interior
Heating Natural Gas, Forced Air, Space Heater
Exterior
Utilities Available Natural Gas Connected, Sewer Connected
Building
Structure Type Metal Siding
New Construction No
Construction Status Existing
Others
Senior Community No
Tax ID 3-23-1 01
Listed by KW ASCEND KELLER WILLIAMS REAL
Troy Moultrie
Associate Broker | Luxury & Divorce Real Estate Specialist | License ID: 11195148-AB00