Current Use by Public Records
- Lifestyle centers
Property Details for 624 Main St
- Year built
- 1974
- Lot size
- 6.10 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Renaissance Square, a 79,354-square-foot retail center in Cedar City, Utah. Located on 6.1 acres at 624 S Main St, 84720, this stabilized, multi-tenant property boasts a 100% occupancy rate and a strong NOI of $817,608, generating a 6.54% cap rate. The asking price is $12,501,648 ($157.54/sq ft). Built in 1974 and renovated in 1996, the property features two single-story buildings, zoned for central commercial use. Key tenants include Harbor Freight, Jo-Ann Fabrics, Famous Footwear, Verizon, Deseret Book, and Jamba Juice, many with long-term leases and built-in rent increases. The property benefits from its location near Southern Utah University (11,224 students), six national parks, Brian Head Ski Resort, and within 20 minutes of St. George, a rapidly growing metro area. High traffic counts (Main Street: 19,782 VPD
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar City
- County
- Iron
- State
- Utah
- Longitude
- -113.064
- Latitude
- 37.667
