1200 S 500 W - Residential LAND FOR SALE


Richfield, UT 84701 49,223 SF
$539,900 USD
801-499-7424
1200 S 500 W, Richfield, UT for Sale
$539,900 USD
Residential LAND - FOR SALE
1/15
49,223 SF

1200 S 500 W
Richfield, UT 84701


OVERVIEW

**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

FOR SALE DETAILS

PRICE

$539,900 USD

PRICE/ACRE

$477,786/AC

PRICE/SF

$11 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Axiom at Richfield (Fully Entitled Land)

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

1.13 AC

LAND SF

49,223 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

RM24

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Austin SeegmillerKairos Real EstateMore Info
801-499-7424

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Austin SeegmillerKairos Real EstateMore Info
801-499-7424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.