1166 S Sage Dr ##4 Active Save Request In-Person Tour Request Virtual Tour
Cedar City,UT 84720
Key Details
Property Type Commercial
Sub Type Commercial Building
Listing Status Active
Purchase Type For Sale
Square Footage 6,404 sqft
Price per Sqft $216
Subdivision Cedar City
MLS Listing ID 110171
Construction Status Existing
Year Built 2000
Annual Tax Amount $7,511
Lot Size 6,404 Sqft
Acres 2.33
Property Sub-Type Commercial Building
Source Iron County Board of REALTORS®
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
Community Cedar City
Direction From I-15 head west on main street. Right on royal hunter drive. Right on Sage drive. Turn left into parking lot at Brody's Mexican restaurant. right at the round about.
Interior
Heating Gas
Exterior
Utilities Available Natural Gas Available
Building
Structure Type Frame,Stucco
New Construction No
Construction Status Existing
Others
HOA Fee Include Insurance,Internet,Snow Removal,Trash,Sewer,Water
Senior Community No
Tax ID B-1387-0004-0000