1247 S 500 Rd W, Richfield, UT 84701

Local realty services provided by:ERA Realty Center
1247 S 500 Rd W,Richfield, UT 84701
$499,000
  • 1.13 Acres
  • Lots / Land
  • Active
Listed by:austin seegmiller
Office:nre
MLS#:2026967
Source:SL

Price summary

  • Price:$499,000

About this home

**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.

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Home facts

  • Listing Id #:2026967
  • Added:169 day(s) ago
  • Updated:August 14, 2025 at 11:00 AM

Structure and exterior

  • Lot area:1.13 Acres

Schools

  • High school:Richfield
  • Middle school:Red Hills
  • Elementary school:Ashman

Finances and disclosures

  • Price:$499,000
  • Tax amount:$300