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550 w 1750 N - Northfield Apartment Land 6.22 Acres of Residential Land Offered at $2,750,000 in Cedar City, UT 84721
Executive Summary
• Currently Zoned R-M-3, 24 Units Per Acre
• Cedar City has experienced a steady population growth over the past decade, driving a high demand for new housing options.
• Location is right next to I-15 making it ideal for easy marketing as well a great location for tenants working and going to school in the area.
• Price Includes 18 Acre Feet of Water
• Seller has preliminary plans showing a layout for 144 units.
• Median home price in Cedar City has increased by 12% since 2019, making renting more attractive.
• Cedar City has experienced a steady population growth over the past decade, driving a high demand for new housing options.
• Location is right next to I-15 making it ideal for easy marketing as well a great location for tenants working and going to school in the area.
• Price Includes 18 Acre Feet of Water
• Seller has preliminary plans showing a layout for 144 units.
• Median home price in Cedar City has increased by 12% since 2019, making renting more attractive.
Property Facts Under Contract
| Price | $2,750,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 6.22 AC |
| Property Type | Land | ||
| Zoning | R-M-3 - 24 Units Per Acre | ||
| Price | $2,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 6.22 AC |
| Zoning | R-M-3 - 24 Units Per Acre |
1 Lot Available
Lot
| Price | $2,750,000 | Lot Size | 6.22 AC |
| Price Per AC | $442,122.19 |
| Price | $2,750,000 |
| Price Per AC | $442,122.19 |
| Lot Size | 6.22 AC |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | B-1511-0000-0000 | Improvements Assessment | $0 |
| Land Assessment | $11,021 | Total Assessment | $11,021 |
Property Taxes
Parcel Number
B-1511-0000-0000
Land Assessment
$11,021
Improvements Assessment
$0
Total Assessment
$11,021
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550 w 1750 N - Northfield Apartment Land