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2330 E 2650 N, Richfield, UT 84701
$3,300,000
2330 E 2650 N, Richfield, UT 84701View this property at 2330 E 2650 N, Richfield, UT 84701
2330 E 2650 NRichfieldUT84701
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Property Description
This turnkey operation is a rare opportunity to own a fully functioning aggregate mine in Central Utah. The property sale includes all equipment, a 2.292 AC-FT well right (some maintenance needed), current inventory, existing accounts, and possible employee transfer. Power is on the lot and with a small office addition the location could become full-service with sales on site. The mine has seen consistent growth over recent years with plenty of opportunity to continue that trend. Over the past three years, production and sales have grown by over 3,000 tons per year, averaging 44,476 tons annually. Last year's gross sales were over $467,000 with healthy margins on the products being offered. The North Gravel Pit operation currently offers 14 different products ranging from state spec. road base to various gravels, sand, crushed products, larger rocks, and boulders. Over 35 different pieces of equipment and machinery are included in the sale meaning the new owners will be able to continue production as normal from day 1. Road access to the pit is excellent with State Route 118 just 1 mile from the pit down a well-maintained gravel road. The pit is just 2.75 miles from main street Richfield and 4 miles from I70 providing paved access throughout Sevier County as well as Central Utah. Utah's economy is thriving and with the expansion of industry/population throughout the state significant growth opportunities exist for the operation. At current levels, conservative numbers put the pit at nearly 150+ years of remaining life with well over $100,000,000 in unmined materials remaining at the site. Overburden has been removed from a significant portion of the remaining field and current workings only compromise 7-8 acres of the total 40 +/- acre site. JKL Construction has been a trusted name in the Central Utah aggregate business for over 20 years, the opportunity to own a business with such steady growth and healthy margins doesn't come around very often. Power on the lot with a well (#63-2183) drilled on-site. Consistent and expanding production with healthy margins on all products. A wide range of products is being offered to various customer groups. Located just outside of Richfield (population over 8,000), the economic center for a 6-county area in Central Utah. The pit is 1 mile to paved roads and 4 miles to I70 offering access to a much broader market. Road frontage facing east and running over 1300' along Willow Creek LN.
Full Property Details
Full Property Details for 2330 E 2650 N
General
- Price: $3,300,000
- Taxes: $550
- Status: Active
- Type: Agricultural Land
- Source: WFR
- MLS ID: 2004492
- Updated: 8/7/2024
- Added to Site: 88 day(s) ago
Location
- Area: Central Sevier
- County: Sevier
- Cross Streets: 2650
- Direction Faces: East
School Information
- Elem School District: Sevier
- Midd School District: Sevier
- High School District: Sevier
- Elementary School: Ashman
- Middle School: Red Hills
- High School: Richfield
Utilities
- Utility Description: Electricity Available
Structural Information
- Current Bldg. Use: Agricultural, Other
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 40
- Lot Size (Sq. Ft.): 1,742,400
- Lot Size: 40
- Lot Dimensions: 1360.0 x 1317.0 x 1360.0
- Frontage Feet: 1360
- Topography: Terrain: Flat
- Lot Features: Fenced: Part, Terrain: Flat
- Zoning: AG
Financial Considerations
- Tax Amount: $550
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 4-203-25, 4-203-26
Listed by Whitetail Properties Real Estate LLC
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Schools
Schools serving 2330 E 2650 N
School District:Sevier District
Rating | Name | Grades | Distance |
---|---|---|---|
520 N 300 W, Richfield, UT 84701 | 3-5 | 3.2 mi | |
Ashman School
70 N 200 W, Richfield, UT 84701 | K-3 | 3.4 mi | |
400 S 600 W, Richfield, UT 84701 | 6-8 | 4.1 mi | |
495 W Center St, Richfield, UT 84701 | 9-12 | 3.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2330 E 2650 N
Date
Details
Price
Change
Source
7/29/2024
Price Reduced
$3,300,000
-5.71%
MLS
6/11/2024
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2330 E 2650 N
2330 E 2650 N, Richfield, UT 84701 (MLS# 2004492) is a Agricultural Land property with a lot size of 40 acres. 2330 E 2650 N is currently listed for $3,300,000 and was received on June 11, 2024. Want to learn more about 2330 E 2650 N? Do you have questions about finding other Agricultural Land real estate for sale in Richfield? You can browse all Richfield real estate or contact a Coldwell Banker agent to request more information.