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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
    **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.
    310 days
    on Zillow
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    49
    |
    0
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    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#: 2026967MLS Logo
    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
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