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 $1.5 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.

Address Map
US
UT
Sevier
Richfield
84701
500
1180
RD
W113° 55' 25.9''
N38° 47' 0.6''
West
Central Sevier
S
W
Multi-Family
Neighborhood
Ashman
Sevier
Richfield
Sevier
Sevier
Red Hills
Additional Information
0.0x0.0x0.0
2024-10-02
: Residential, Multi-Family, Commercial
Financial
300.0
Listing Information
Braden Seegmiller
4020107
99000111
NRE
1321559
99000111
Cash,Conventional,Seller Finance
Active
2024-11-13T23:51:45Z
WFRMLS

Land For Sale

1180 S 500 Rd, Richfield, Utah 84701

1.13 Acre
$629,000
Listing ID #2026967
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 2026967
Price : $629,000
Lot Area : 1.13 Acre
Status : Active
Office Name : NRE
Agent Name : Austin Seegmiller
Listing Status : Active
Property Sub Type : Residential
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent