1184 Sage DrCedar City, UT 84720

  • Other commercial real estate
  • 0.16 AC
For Lease
$18/SF/YR View listing

Property Details for 1184 Sage Dr

Lot size
0.16 AC
Property type
Other commercial real estate
APN
B-1992-0002-0000
APU
B199200020000

Description

This 953-square-foot retail space is located in the thriving Providence area of Cedar City, Iron County, within a single-tenant anchorless center. Currently configured as a hair salon, the property offers excellent flexibility for conversion to other retail uses. Its strategic location benefits from high foot traffic, neighboring popular businesses like Pizza Cart and Tropical Smoothie, ensuring strong visibility and potential customer draw. The center enjoys 100% occupancy, creating a vibrant and attractive retail environment. Furthermore, a significant infrastructure improvement is underway: a new $70 million interchange project will soon enhance traffic flow to the area, promising increased accessibility and even greater potential for future growth. This presents a unique opportunity for investors and business owners seeking a well-situated retail space in a rapidly developing part of Cedar City. The property's existing build-out as a hair salon provides a cost-effective starting point for new tenants, minimizing initial setup costs. The property is ideally suited for a variety of retail businesses seeking a high-visibility location in a busy and desirable area. This is a rare opportunity to acquire a turnkey retail space in a thriving commercial center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,190,991
    Hospitality
    $2,006,936
    Educational
    $1,669,747
    Medical
    $1,727,172
    Retail
    $2,597,384
1184 Sage Dr, Cedar City, Utah

Location Insight

City
Cedar City
County
Iron
State
Utah
Latitude
37.6572
Longitude
-113.084
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
$6,641
$690,270
$142,875
$833,145
-
$142,877
$690,272
$833,149

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