Downtown Main Street
For Sale
$350,000
20 S Main St, Cedar City, UT 84720
An existing tenant occupies this commercial space in downtown Cedar City, near local shops and dining.
Property Size2,447 SF
Price / SF$143.03
Days on Market131
Property Features for 20 S Main St
General Information
Standard status
Active
Size
2,447 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,447 SF
Year Built
1989
Stories
1
Listing Agency:
Stratum Real Estate Group So Branch
(435) 586-4874
Listed By:
JASON V. SPENCER
(435) 590-7070
Source:
Hindihometeam
Added: Jun 17
Changed: Oct 24
Last Checked: Oct 24 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stratum Real Estate Group So Branch
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Investment Insights
Based on property information with market context.
The 2,447-square-foot storefront at 20 S Main St is offered for lease, with a tenant currently in place. The building dates to 1989 and is zoned for commercial use.
The property is on Main Street in downtown Cedar City, near local shops, coffee spots, Centro Woodfired Pizzeria, and Hampton Inn & Suites.
The property is on Main Street in downtown Cedar City, near local shops, coffee spots, Centro Woodfired Pizzeria, and Hampton Inn & Suites.
Key Highlights
- 2,447 square feet
- Located at 20 S Main St in downtown Cedar City
- Existing tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,113
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,260
$442.3K
Cap Rate 7%
$315,900
$315.9K
Cap Rate 9%
$245,700
$245.7K
Market Conditions
NOI Build-Up for 2,447 SF
Gross rent
$32.3K $13.20/SF
− Vacancy
−$711 −$0.29/SF
EGI
$31.6K $12.91/SF
− OpEx
−$9.5K −$3.87/SF
NOI
$22.1K $9.04/SF
Area
Iron County, UT
Vacancy
2.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,260
Cap Rate 7%
$315,900
Cap Rate 9%
$245,700
Alternative Uses
Best Use
Retail
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 6.32%
Second Best
Specialty Retail
$286.2K
$250.4K – $333.9K
NOI $20,031 @ 7.0% cap · market cap 5.72%
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Home Improvements & Furnishings 25%
Dining 23%
Hotels & Casinos 7%
Hurst Ace Hardware
Home Improvements & Furnishings
17,346 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
10,011 visits/mo
0.3 miles
Mountain America Credit Union
Shops & Services
9,512 visits/mo
0.5 miles
Great Harvest Bread Co.
Dining
7,990 visits/mo
0.1 miles
Phillips 66
Shops & Services
5,523 visits/mo
0.1 miles
Demographics for 84720, UT
23,607
Population
8,984
Households
2.6
Avg Household Size
28
Median Age
35%
College-Educated
95%
High-School Grad
341.5 sq mi
ZIP Area
69
Density / Sq Mi
$63,742
Median Household Income
$29,979
Median Earnings
$932
Median Rent
$357,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Rose + Fern Studio — 151 S Main St #2, Cedar City, UT 84720
- Pinketa Floral Design — 180 E Center St, Cedar City, UT 84720
Frequently Asked Questions
What type of property is this?
Storefront property - An existing tenant occupies this commercial space in downtown Cedar City, near local shops and dining.
Where is this storefront property 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: 2,447 square feet; Located at 20 S Main St in downtown Cedar City; Existing tenant in place
