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$2,100,000
Est. payment /mo
40 Acres Lot
UPDATED:
10/28/2024 07:57 PM
Key Details
Property Type Vacant Land
Sub Type Agriculture
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2004492
HOA Y/N No
Annual Tax Amount $550
Lot Size 40.000 Acres
Acres 40.0
Lot Dimensions 1360.0x1317.0x1360.0
Property Description
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.
Location
State UT
County Sevier
Area Central Sevier
Zoning Commercial
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
View Y/N Yes
Present Use Agricultural,Other
Topography Terrain: Flat
Private Pool No
Building
Lot Description Fenced: Part, Terrain: Flat
Faces East
New Construction No
Schools
Elementary Schools Ashman
Middle Schools Red Hills
High Schools Richfield
School District Sevier
Others
Senior Community No
Tax ID 4-203-25,4-203-26
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Whitetail Properties Real Estate LLC
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