Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1918
Sq.Footage
N/A
Commercial Investment Property Richfield Main Street Positioned on Richfield's Main Street, this commercial building offers immediate income with clear upside potential. The property contains 5,891 sq. ft. of above-grade commercial space and an additional 1,240 sq. ft. of unfinished basement area, providing future expansion or storage opportunities (buyer to verify permitted use). The building is divided into five commercial units, with three currently occupied by stable, long-term tenants, creating in-place cash flow. Two vacant units allow a new owner to implement a lease-up strategy and increase overall rental income. With prominent Main Street frontage, the property benefits from high visibility, steady downtown traffic, and consistent demand for small commercial spaces. 1240 Sq ft in the back part of building plus unfinished basement represents further value-add potential. This asset is well suited for an investor seeking to improve returns through increased occupancy, potential reconfiguration of space, and operational efficiencies.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Paved
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.27
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$980,000
-
Tax Amount
$4,575
-
Zoning
Comm
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Senior Community YN
NO
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Location
County
Sevier
Elementary School
Middle School
High School
Listing Courtesy of Dana R Coates , ERA Brokers Consolidated (Richfield Branch)
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President / Real Estate Advisor
Damon Luke
Call Damon today to schedule a private showing.
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