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144 E Canyon Commercial Ave - Canyon Commercial Multi Family 8.52 Acres of Commercial Land Offered at $6,400,000 in Cedar City, UT 84721
Investment Highlights
- 8.52 Acres
- Approved for 204 units but currently laid out at 180 units
- Building plans can be included
- Zoned Multi-Family R-3-M
- Designed for 15 - 12 plex buildings
- Potential JV opportunity
Executive Summary
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.
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.
Property Facts
| Price | $6,400,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 8.52 AC |
| Property Type | Land |
| Price | $6,400,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 8.52 AC |
1 Lot Available
Lot
| Price | $6,400,000 | Lot Size | 8.52 AC |
| Price Per AC | $751,173.71 |
| Price | $6,400,000 |
| Price Per AC | $751,173.71 |
| Lot Size | 8.52 AC |
• 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
Description
• 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 • Adjoining 1.25-acre retail site can be sold separately • Price $6,400,000
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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144 E Canyon Commercial Ave - Canyon Commercial Multi Family
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