Active

2330 E 2650 N

Richfield UT, 84701

$2,100,000


$1.21 per sqft

Active

40 Acres

Land

This turnkey operation is a rare opportunity to own a fully-functioning aggregate mine in Central Utah, this business is a consistent producer and with Sevier County forecasted to grow by over 30% in the coming decade, the demand for aggregate products will continue to increase dramatically. The property sale includes over 35 pieces of equipment, a 2.292 AC-FT well right, 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 $430,000 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 have the pit at over 4,260,000 tons of material remaining, with just over 1,160,000 mined over the past 30+ years. Overburden having 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.

2004492

MLS ID

June 10, 2024

Listed

November 22, 2024

Updated

Map

2330 E 2650 N
Richfield UT, 84701

Exterior/Building Features

Lot Size

40 Acres


Lot Features

Fenced: Part, Terrain: Flat

School Information

School District

Sevier


High School

Richfield


Elementary School

Ashman

Other Property Details

Area Name

Central Sevier


Taxes

$550


Tax Frequency

Annually


Days on Market

153


Garage

No


Parking Total

0


View

Yes


County

Sevier


Pool

No


Zoning

Commercial

Listing History

Date

Event

Price

9/9/2024

Price change

$2,100,000

-37%

7/29/2024

Price change

$3,300,000

-6%

Courtesy of Whitetail Properties Real Estate LLC

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:24 PM UTC, 11/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor SoldBy2Girls shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Wasatch Front Regional MLS, Inc. All rights reserved.

Powered byLuxury Presence