1166 S Sage Dr #4

Cedar City UT - 84720

MLS: 25-258825

Status: Active Last Updated: 3 days ago

$1,383,784

Bedrooms
0.0 Bathrooms
21676FT2 Area

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.

Property Details

Total Area

21676

Total Bedrooms

N/A

Total Bathrooms

0.0

Year Built

2000

Property Type

D / Other - See Remarks

Subdivision

N/A

List Office Name

ERA Realty Center

Listing Agent

Kole Halladay

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