Bought with Kole Halladay • ERA Realty Center
$1,299,000
$1,299,000
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1166 S Sage Dr #4 Cedar City, UT 84720
21,676 SqFt
Key Details
Sold Price $1,299,000
Property Type Commercial
Sub Type Other - See Remarks
Listing Status Sold
Purchase Type For Sale
Square Footage 21,676 sqft
Price per Sqft $59
MLS Listing ID 25-258825
Sold Date 11/12/25
Year Built 2000
Lot Size 2.330 Acres
Acres 2.33
Property Sub-Type Other - See Remarks
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 Outside Area
Zoning Commercial
Building
Story 1.0
Others
Tax ID 0413564
Ownership Seven Star Properties LLC
Special Listing Condition ERS
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