Property Description

This turnkey operation is a rare opportunity to own a fully-functioning aggregate mine in Central Utah, this business is a consistent producer and with Sevier County forecasted to grow by over 30% in the coming decade, the demand for aggregate products will continue to increase dramatically. The property sale includes over 35 pieces of equipment, a 2.292 AC-FT well right, current inventory, existing accounts, and possible employee transfer. Power is on the lot and with a small office addition the location could become full-service with sales on site. The mine has seen consistent growth over recent years with plenty of opportunity to continue that trend. Over the past three years, production and sales have grown by over 3,000 tons per year, averaging 44,476 tons annually. Last year’s gross sales were over $430,000 with healthy margins on the products being offered. The North Gravel Pit operation currently offers 14 different products ranging from state spec. road base to various gravels, sand, crushed products, larger rocks, and boulders. Over 35 different pieces of equipment and machinery are included in the sale meaning the new owners will be able to continue production as normal from day 1. Road access to the pit is excellent with State Route 118 just 1 mile from the pit down a well-maintained gravel road. The pit is just 2.75 miles from main street Richfield and 4 miles from I70 providing paved access throughout Sevier County as well as Central Utah. Utah’s economy is thriving and with the expansion of industry/population throughout the state significant growth opportunities exist for the operation. At current levels, conservative numbers have the pit at over 4,260,000 tons of material remaining, with just over 1,160,000 mined over the past 30+ years. Overburden having been removed from a significant portion of the remaining field and current workings only compromise 7-8 acres of the total 40 +/- acre site. JKL Construction has been a trusted name in the Central Utah aggregate business for over 20 years, the opportunity to own a business with such steady growth and healthy margins doesn’t come around very often.

Features
: Electricity Available
Address Map
US
UT
Sevier
Richfield
84701
2650
2330
E0° 0' 0''
N0° 0' 0''
East
Central Sevier
E
N
Commercial
Neighborhood
Ashman
Sevier
Richfield
Sevier
Sevier
Red Hills
Additional Information
1360.0x1317.0x1360.0
2024-06-10
: Fenced: Part, Terrain: Flat
: Agricultural, Other
Financial
550.0
Listing Information
4022355
71509
Cash, Conventional
Active
2024-10-28T19:57:31Z
WFRMLS

Land For Sale

2330 E 2650 N, Richfield, Utah 84701

40 Acre
$2,100,000
Listing ID #2004492
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 2004492
Price : $2,100,000
Lot Area : 40 Acre
Status : Active
Office Name : Whitetail Properties Real Estate LLC
Agent Name : Zeb White
Listing Status : Active
Property Sub Type : Agriculture
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