144 E Canyon Commercial Ave - Commercial LAND FOR SALE


Cedar City, UT 84721 371,131 SF
$6,400,000 USD
801-712-7787
144 E Canyon Commercial Ave, Cedar City, UT for Sale
$6,400,000 USD
Commercial LAND - FOR SALE
1/1
371,131 SF

144 E Canyon Commercial Ave
Cedar City, UT 84721


HIGHLIGHTS

  • 8.52 Acres
  • Zoned Multi-Family R-3-M
  • Approved for 204 units but currently laid out at 180 units
  • Designed for 15 - 12 plex buildings
  • Building plans can be included
  • Potential JV opportunity

OVERVIEW

Prime Multi-Family Development Opportunity – 8.52 Acres An exceptional opportunity to acquire a fully entitled multi-family development site offering scale, flexibility, and strong upside potential. This 8.52-acre parcel, zoned Multi-Family R-3-M, is approved for up to 204 residential units and is currently designed for 180 units across 15 twelve-plex buildings. The site benefits from an efficient, well-conceived layout, and existing building plans may be included, providing a streamlined path toward development and reduced time to market. With zoning already in place and density approvals secured, this property is ideally suited for developers seeking a shovel-ready multi-family project. Adding to the investment appeal is a potential joint venture opportunity, allowing for creative capital structuring. Additionally, an adjoining 1.25-acre retail parcel is available for separate purchase, offering the potential for complementary mixed-use development and enhanced long-term value. Offered at $6,400,000, this property represents a compelling opportunity in a growing market with demand for quality multi-family housing.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/ACRE

$751,174/AC

PRICE/SF

$17 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Canyon Commercial Multi Family

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

8.52 AC

LAND SF

371,131 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Troy ScheelNewmark Mountain WestMore Info
801-712-7787

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Troy ScheelNewmark Mountain WestMore Info
801-712-7787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.