125 St George Blvd St. George, UT 84770
- Apartment buildings
- 1.24 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 125 St George Blvd
- Lot size
- 1.24 lot acres
- Property type
- Apartment buildings
Description
This exceptional multifamily property, located at 125 W St George Blvd, St. George, UT 84770, presents a compelling investment opportunity. The 1.24-acre lot, zoned C-4, currently houses a 25-unit apartment building comprised of studio and one-bedroom units, along with commercial tenants. Priced at $4,300,000 ($172,000 per unit), this property offers significant value-add potential. Its prominent downtown location on St. George Blvd and 100 W provides excellent visibility and accessibility. Further enhancing its appeal, the property sits within an Opportunity Zone, offering potential tax advantages. A substantial portion of the land remains undeveloped, presenting exciting possibilities for expansion or redevelopment. Conceptual drawings are available for a potential project encompassing 99 residential units and 7 commercial spaces. Detailed financial statements and rent rolls are accessible to qualified buyers upon execution of a non-disclosure agreement. This is a rare chance to acquire a well-situated property with substantial upside in a thriving Utah market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. George
- County
- Washington
- State
- Utah
- Longitude
- -113.586
- Latitude
- 37.1095
