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$ 1,383,784
Est. payment | /mo
2.33 Acres Lot
$ 1,383,784
Est. payment | /mo
2.33 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2104917
Construction Status Blt./Standing
HOA Y/N No
Year Built 2000
Annual Tax Amount $7,511
Lot Size 2.330 Acres
Acres 2.33
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Industrial
Property Description
Prime Commercial in the heart of Cedar City. 6,404 sq ft +- of space with heavy traffic, and I-15 visibility. Semi dock makes deliveries an ease. Neighboring tenants include;(Pioneer flooring, vasa gym, megaplex movie theater, Starbucks, Cafe Rio, Brody's Mexican restaurant, Iron county board of realtors and more) This space ready to be made into retail, office space, restaurant, etc. Current tenant is on month to month and plans of moving out end of the year. Rents are (NNN triple net) with rate raises annually. Cap rate currently 6.1% but can easily be raised to 8% with new tenants. Act today and secure a piece of Cedar City's prime commercial before its too late. Office and Retail vacancies less than 2% for 2024.
Location
State UT
County Iron
Area Cedar Cty; Enoch; Pintura
Direction From I-15 head west on main street. Right on royal hunter drive. Right on Sage drive. Turn left into parking lot at Brodys Mexican restaurant. right at the round about.
Interior
Fireplace false
Exterior
View Y/N No
Present Use Industrial
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID B-1387-0004-0000
Horse Property No
Listed by ERA Realty Center Inc
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