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

Remarks & Misc

Public Remarks
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.
Directions
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.

Type of Property

Commercial
Yes

More Information

Site Description

Tenant Occupied
Yes

Construction

Stucco
Yes
Wood Frame
Yes

Zoning

Commercial
Yes

Showing Instructions

Call Listing Agent
Yes

Possession

Other
Yes

Property Features

Type of Property: Commercial Site Description: Tenant Occupied Construction: Stucco; Wood Frame Showing Instructions: Call Listing Agent Zoning: Commercial Possession: Other
Listing Office: ERA Realty Center
Last Updated: November - 12 - 2025
Broker Attribution: 435-586-2777

Information deemed reliable but not guaranteed.