Downtown Restaurant Lease
20 S Main St Cedar City, UT 84720
For Sale
$350,000
COMMERCIAL - Cedar City, UT
Property Size2,447 SF
Lot Size0.01 Acres
Price / SF$143.03
Days on Market43
Property Features for 20 S Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
2,447 SF
Lot size
0.01 Acres
Building Details
Year built
1989
Floors in Building
1
Listing Agency:
Stratum Real Estate Group So Branch
(435) 586-4874
Listed By:
JASON V. SPENCER
(435) 590-7070
Added: Jun 17
Changed: Jul 10
Last Checked: Jul 29 at 6:06PM
MLS# 26-274080
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This listing offers a restaurant lease opportunity with a tenant already in place. The property is described as a 2,447-square-foot restaurant space on a small lot (0.01 acres) at 20 S Main St, in Cedar City, Utah. The seller also indicates CC zoning for the site, and notes that seller financing may be available to qualified buyers.
The offering is positioned on historic Main Street in downtown Cedar City. The remarks further indicate proximity to Hampton Inn & Suites and Centro Woodfired Pizzeria.
Please note: the building is not part of the sale; the deal is for the lease.
The offering is positioned on historic Main Street in downtown Cedar City. The remarks further indicate proximity to Hampton Inn & Suites and Centro Woodfired Pizzeria.
Please note: the building is not part of the sale; the deal is for the lease.
Key Highlights
- Tenant in place—commercial space offered with an existing tenant
- Zoned CC
- Located at 20 S Main in downtown Cedar City, near the new Hampton Inn & Suites
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.3k | $11.16 |
| − Vacancy | −$601 | −$0.25 |
| EGI | $26.7k | $10.91 |
| − OpEx | −$6.7k | −$2.73 |
| NOI | $20.0k | $8.19 |
2,447 SF · lease $11.16/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$286.2K
$250.4K – $333.9K
NOI $20,031 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.8K
$437.3K – $583.1K
NOI $34,983 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with an in-place tenant and CC zoning on historic Main Street in Cedar City.
Where is this conventional restaurant located?
The property is located at 20 S Main St Cedar City, UT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Tenant in place—commercial space offered with an existing tenant; Zoned CC; Located at 20 S Main in downtown Cedar City, near the new Hampton Inn & Suites
