92 S Main StRichfield, UT 84701

Description

Commercial Investment Property Richfield Main Street Positioned on Richfield's Main Street, this commercial building offers immediate income with clear upside potential. The property contains 5,891 sq. ft. of above-grade commercial space and an additional 1,240 sq. ft. of unfinished basement area, providing future expansion or storage opportunities (buyer to verify permitted use). The building is divided into five commercial units, with three currently occupied by stable, long-term tenants, creating in-place cash flow. Two vacant units allow a new owner to implement a lease-up strategy and increase overall rental income. With prominent Main Street frontage, the property benefits from high visibility, steady downtown traffic, and consistent demand for small commercial spaces. 1240 Sq ft in the back part of building plus unfinished basement represents further value-add potential. This asset is well suited for an investor seeking to improve returns through increased occupancy, potential reconfiguration of space, and operational efficiencies.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1918

Building area

8,540 Sq Ft

Lot size

0.27 acres

Lot dimensions

57.0x140.0x61.0

Zoning

Commercial

Days on market

195

MLS^® Listing#

2145723

Property Features

Cooling

Central Air

Heating

Natural Gas

Flooring

Laminate

Parking

Paved

Roof

Asphalt

Utilities

Natural Gas Available

Financial Details

HOA

None

Annual taxes

$4,575

Parcel number

1-22-1