1166 S Sage Dr #4, Cedar City, UT 84720 (MLS# 25-258825)

1166 S Sage Dr #4, Cedar City, UT 84720

$1,299,000

Property Type: Commercial Square Footage: 21,676 Lot Size (sq. ft.): 101,495 Status: Closed

Current Price: $1,299,000 List Date: 2/27/2025 Last Modified: 11/12/2025

Overview

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.

Listing Details MLS# 25-258825

Location, Tax & Legal

House Number: 1166
Street Direction Pfx: S
Street Name: Sage Dr #4
MLS Area: Outside Area
State/Province: UT
Postal Code: 84720
County: Iron
Tax ID: 0413564

Contract Info

Offering Type: Sale
Original List Price: 1600000
List Price/SqFt: 249.84
Cap Rate: 6.1
CAM: 885
Lease Price/Annual: 97689
Lse Prc Mnth P/SqFt: 8140
Short Sale Status: No

General Property Info

Listing Class: Other - See Remarks
Realtor.com: Commercial
Lot Acres: 2.33
Total SqFt: 21676
Available SqFt: 6404
# of Floors: Yes
Year Built: 2000

Status Change Info

Sold Date: 2025-11-12
Under Contract Date: 2025-10-22
Sold Price/SqFt: 55.36

More Information

Property Features

Type of Property: Commercial Site Description: Tenant Occupied Construction: Stucco; Wood Frame Showing Instructions: Call Listing Agent Zoning: Commercial Possession: Other