Richfield, UT 84701,1075 S 75 E
Richfield, UT 84701,1075 S 75 E
Richfield, UT 84701,1075 S 75 E
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The Perry Group

The Perry Group

+1(801) 871-5259
$950,000
Est. payment /mo
7,450 SqFt
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UPDATED:

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

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Listed by KW ASCEND KELLER WILLIAMS REAL

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Nearby School & Business
SCHOOLSPROPERTIES
Elementary Schools 4
  • 6

    Pahvant School

    Public | 3 - 5

  • 0

    Cedar Ridge High School

    Public | KG - 12

  • 0

    Ashman School

    Public | KG - 3

  • 0

    Sevier Connection Online

    Public | KG - 12

Middle Schools 2
  • 5

    Red Hills Middle School

    Public | 6 - 8

  • 0

    Fieldstone Academy

    Private | 6 - 12

High Schools 1
  • 5

    Richfield High School

    Public | 9 - 12

School and business data provided by Attom Data.

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+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT, 84106, United States
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1075 S 75 E