**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.
Lot/land
Price cut: $40.9K (7/28)
$499,000
1247 S 500th Rd W, Richfield, UT 84701
--beds
--baths
1.13Acres
Unimproved Land
Built in ----
1.13 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Shovel-ready land
- 310 days
- on Zillow |
- 49 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 09:28am
Listed by:
Austin Seegmiller 801-499-7424,
NRE,
Braden Seegmiller,
NRE
Source: UtahRealEstate.com,MLS#: 2026967

Travel times
Facts & features
Interior
Features
- Has fireplace: No
Property
Lot
- Size: 1.13 Acres
Details
- Parcel number: 17A123
- Zoning: RM24
- Zoning description: Multi-Family
Community & HOA
HOA
- Has HOA: No
Location
- Region: Richfield
Financial & listing details
- Annual tax amount: $300
- Date on market: 10/2/2024
- Listing terms: Cash,Conventional,Seller Finance
- Loading