UT
Sevier
Richfield
84701
1247 S 500 W RD
1247 S 500 W RD, Richfield, UT 84701
Share Listing
Listing Type
Lots/Land
Listing Status
active
12
$499,000

Home Details for 1247 S 500 W RD

Price
$499,000
Type
Land
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Lot size acres
1.13
County
Sevier
Garage
Days on site
356
MLS Listing#
2026967
Property 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. Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • None
School Information
School Information for 1247 S 500 W RD, Richfield, UT 84701
Elementary School
Ashman
Middle School
Red Hills
High School
Richfield
Listing Courtesy: NRE - 801-382-9297
Wasatch Front Regional MLS logoBased on information from the Wasatch Front Regional Multiple Listing Service, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-04 08:13:55
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Wasatch Front Regional MLS.
EXIT REALTY ASCENDANCY
70 S Main St., Tooele, UT 84074
Office
435 228 6281
Request more details
Code: