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Downtown Restaurant Lease Opportunity

20 S Main St Cedar City, UT 84720

Claim this Listing
For Sale
$350,000

COMMERCIAL - Cedar City, UT

Property size:
2,447 SF
Lot size:
0.01 Acres
Price / SF:
$143/SF
Added:
Jun 17, 2026
Days on Market:
25
Last Refresh:
Jul 11 at 12:06 pm

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 agent JASON V. SPENCER

Listing office Stratum Real Estate Group So Branch 365 S Main, UT

Listing date Jun 17, 2026

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.

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

Local 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 (±1% cap)
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 (±1% cap)
NOI $34,983 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The French Spot Restaurant

Suggested Use

(Bike/Boat/Book/etc) Store HVAC Service (Bike/Boat/Book/etc) Store Tanning Salon Pet Store Wine and Liquor Store Catering Service Furniture & Home Goods Pet Store & Service Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
Contact an agent
More about this property
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