1247 S 500 Rd Richfield UT 84701 | $539,900

Property Facts

Days on URE 208

Status ACTIVE

MLS# 2026967

Type Residential; Commercial; Multi Housing

**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

Features

Property Size

Zoning Information

Schools

Designated Schools

Elementary School Ashman

Middle School Red Hills

High School Richfield

School District Sevier

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
4	Red Hills Middle School Public Middle School	6-8	0.74 mi
6	Richfield High School Public High School	9-12	1.09 mi
NR	Sevier Career And Technical Education Center Public High School	9-12	1.17 mi
1	Cedar Ridge High School Public Middle School, High School	6-12	1.18 mi
NR	Ashman School Public Elementary	K-2	1.23 mi
NR	Field Stone Academy Private Middle School, High School	8-10	1.26 mi
6	Pahvant School Public Elementary	3-5	1.64 mi
NR	Sevier Connection Online Public Elementary, Middle School, High School	K-12	1.70 mi
NR	Sevier District Preschool, Elementary, Middle School, High School		1.80 mi
7	South Sevier Middle School Public Middle School	6-8	8.39 mi
6	Monroe School Public Elementary	K-5	8.40 mi
4	South Sevier High School Public High School	9-12	8.62 mi
5	North Sevier Middle School Public Middle School	6-8	19.01 mi
5	Salina School Public Elementary	K-5	19.09 mi
6	North Sevier High School Public High School	9-12	19.12 mi

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Austin Seegmiller

801-499-7424

Co-Agent

Braden Seegmiller

801-821-1184

Listing Broker

NRE
9069 South 1300 West
A
West Jordan, UT 84088
801-382-9297

Lead Warning Statement

Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.

1247 S 500 Rd

Property Facts