1075 S 75 E, Richfield, UT 84701
sale
$950,000
|
Other
Courtesy Of KW St George Keller Williams Realty
Prime commercial building with auto shop and three income-producing tenants. It 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 at other sites. Three spaces 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 if 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 opportunity with significant growth potential including 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.
Read More About This Property
Read Less About This Property
Copyright © 2025 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 21-30 Years Old
- Floors: 2
- MLSID: 25-267148
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
