250 1100Cedar City, UT 84721

  • Commercial land
  • 0.20 AC
For Sale
$6,150,000 View listing

Property Details for 250 1100

Lot size
0.20 AC
Property type
Commercial land
APN
B-0008-0003-0000
APU
B000800030000

Description

This exceptional 88-key hotel, the Quality Inn Cedar City - University Area, presents a compelling investment opportunity in the thriving Cedar City, Utah market. Priced at $6,150,000, this two-story property boasts 64,738 square feet situated on a 2.15-acre lot. Built in 1984 and renovated in 2004, the hotel offers a blend of established infrastructure and updated amenities. The property features 101 parking spaces, catering to the needs of guests and staff. Its convenient location at 250 N 1100 W, Cedar City, UT 84721, provides easy access to Interstate 15, attracting both leisure and business travelers. The hotel's amenities include a fitness center and a seasonal outdoor pool, complemented by a complimentary breakfast service. The HS zoning designation ensures flexibility for future operations. Cedar City's vibrant events calendar and proximity to numerous parks contribute to consistent occupancy rates, making this a strong performer in a growing market. This established hotel offers a solid foundation for continued success and significant return on investment. The property's size, amenities, and location combine to create a compelling opportunity for discerning investors seeking a profitable hospitality venture in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $4,655,280
    Retail / Commercial
    $2,417,070
    Mixed-Use / Specialty
    $2,431,980
    Hospitality / Lodging
    $1,814,900
    Office
    $2,442,040
    Institutional / Educational
    $2,536,690
    Residential Income
    $2,967,930
    Multifamily
    $3,429,120
    Automotive / Energy
    $2,174,300
    Parking / Income-Based Land
    $727,078
    Restaurant / Food Service
    $1,315,110
    Healthcare / Senior Housing
    $2,469,820

Location Insight

City
Cedar City
County
Iron
State
Utah
Latitude
37.6826
Longitude
-113.077
CBSA code
16260
CBSA name
CEDAR CITY, UT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$455
-
-
$57,060
-
$57,064
-
$57,064

FAQs

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