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    2258 75 Cedar City, UT 84721

    Sponsored
    For Sale
    $9,000,000

    Profitable Senior Living Facility in Utah

    Property size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a newly constructed, 28,000-square-foot assisted living center in the thriving city of Cedar City, Utah. Completed in 2023, the single-story building sits on a 2-acre lot and boasts 40 private rooms, each with its own bathroom. The facility is thoughtfully designed to accommodate a diverse range of residents, featuring 26 assisted living units and 14 secure memory care units. Its prime location just off Main Street provides convenient access to Interstate 15, ensuring easy accessibility for residents, families, and staff. The property enjoys stunning views of the surrounding mountains, offering a serene and picturesque environment for residents. The asking price is $9,000,000, translating to $321.43 per square foot. This Class B property represents a compelling investment in a growing market, offering significant potential for strong returns. The building's modern design and convenient location make it an attractive option for seniors seeking high-quality care in a beautiful setting. This is a rare opportunity to acquire a turnkey assisted living facility with excellent potential for future growth and profitability in a desirable location. The property's size and layout are well-suited to meet the increasing demand for senior care services in the region. The 2-acre lot offers ample space for potential future expansion or additional amenities.

    Property Features for 2258 75

    General Information

    Property type
    Retirement homes
    Square Feet
    28,000 SF
    Class
    B
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    40

    HighLights

    • Newly constructed, 28,000‑square‑foot assisted living facility in Cedar City, UT.
    • Completed in 2023, situated on a 2‑acre lot.
    • Features 40 private rooms with private bathrooms (26 assisted living, 14 memory care).
    • Prime Main Street location with easy I‑15 access.
    • Asking price: $9,000,000 ($321.43/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar City
    County
    Iron
    State
    Utah
    Longitude
    -113.0582671
    Latitude
    37.7173528

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    FAQs

    What type of property is this?
    Retirement home - Profitable Senior Living Facility in Utah
    Where is this retirement home located?
    The property is located at 2258 75 Cedar City, UT.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: Newly constructed, 28,000-square-foot assisted living facility in Cedar City, UT.; Completed in 2023, situated on a 2-acre lot.; Features 40 private rooms with private bathrooms (26 assisted living, 14 memory care).
    (801) 361-9798
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    2258 75 Cedar City, UT 84721
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2258 75 Cedar City, UT 84721
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