PROPERTY DETAILS
About This Property
This land / lot for sale at 1247 S 500 RD Richfield, UT 84701 has been listed at $539,900 and has been on the market for 241 days.
Full Description
**Prime Opportunity Zone Development : Shovel-Ready Land for 28 Apartment Units in Richfield, UT. This property is in a designated Opportunity Zone, offering significant tax incentives to investors, including potential deferral or elimination of capital gains taxes. With projected gross monthly rents of $32,400 this development is poised to yield over $1.6 million in profit upon stabilization, making it an incredibly attractive opportunity for developers and investors alike. **Included in the Sale:** - Civil Plans - Architectural Designs - Geotechnical Report - Topographical Survey - Easements & Utility Plans - Complete Development Packet with all necessary documentation to proceed with construction Reach out for link to full development packet. OM & drawings attached in listing.
Property Highlights
- Generous living space with 49,223 square feet. Plenty of room for everyone.
- Large lot size of 1.13 acres. Great for outdoor activities.
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General Information
-
Price
$539,900
-
Days on Market
241
-
House Size
49223 Sq Ft
-
Address
1247 S 500 RD Richfield, UT 84701
-
Listed By
NRE
-
HOA
NO
-
Lot Size
1.13
-
MLS
2026967
-
Status
Active
-
City
-
Term Of Sale
Cash,Conventional,Seller Finance
Garage and Parking
- Garage Spaces:
Price History
LOVE THIS HOME?
Schedule a showing with a buyers agent
Kristopher
Larson
801-410-7917
Other Property Info
- Zoning: Multi-Family
- State: UT
- County: Sevier
- This listing is courtesy of:: Austin Seegmiller NRE.
This data is updated on an hourly basis. Some properties which appear for sale on
this
website
may subsequently have sold and may no longer be available. If you need more information on this property
please email kris@bestutahrealestate.com with the MLS number 2026967.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair
Housing Act
and Utah Fair Housing Act,
which Acts make it illegal to make or publish any advertisement that indicates any
preference,
limitation, or discrimination based on race,
color, religion, sex, handicap, family status, or national origin.
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