1075 S 75 E, Richfield, UT 84701
$950,000
Property Type:
Commercial
Square Footage:
7,450
Lot Size (sq. ft.):
38,333
Status:
Active
Current Price:
$950,000
List Date:
12/04/2025
Last Modified:
12/04/2025
Description
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
Supplements: 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.
More Information MLS# 25-267148
Contract Info
Original List Price: 950000
List Price/SqFt: 127.52
Offering Type: Sale
Cap Rate: 10.3
Short Sale Status: No
CAM: 0
Lease Price/Annual: 0
Lse Prc Mnth P/SqFt: 0
List Price: $950,000
Current Price: $950,000
Listing Date: 2025-12-03
Location, Tax & Legal
Total Taxes: 8323
Geo Lat: 38.753642
Geo Lon: -112.084027
House Number: 1075
Street Direction Pfx: S
Street Name: 75
Street Direction Sfx: E
MLS Area: Outside Area
State/Province: UT
Postal Code: 84701
County: Other
Tax ID: 3-23-1 01
General Property Info
Realtor.com: Commercial
Lot Acres: 0.88
Available SqFt: 7450
# of Floors: 2
Listing Class: Other - See Remarks
Total SqFt: 7450
Year Built: 2001
Type of Property
Commercial: 1
Industrial: 1
Office: 1
Other Features
Overhead Doors: 1
3 Phase Power: 1
Site Description
Owner Occupied: 1
Tenant Occupied: 1
Construction
Steel: 1
Zoning
Commercial: 1
Industrial: 1
Terms of Sale
Exchange: 1
Seller Financing: 1
Submit Any Offer: 1
Showing Instructions
Call Listing Agent: 1
Possession
Close Of Escrow: 1
Status Change Info
Status: Active
Property Features
Type of Property: Commercial; Industrial; Office
Other Features: Overhead Doors; 3 Phase Power
Site Description: Owner Occupied; Tenant Occupied
Construction: Steel
Showing Instructions: Call Listing Agent
Zoning: Commercial; Industrial
Terms of Sale: Exchange; Seller Financing; Submit Any Offer
Possession: Close Of Escrow
Listing Office:
KW Ascend Keller Williams Realty
Last Updated: December - 04 - 2025
Information deemed reliable but not guaranteed.