2258 75 Cedar City, UT 84721
- Commercial land
- 0.93 lot acres
Current Use by Public Records
- Commercial land
Property Details for 2258 75
- Lot size
- 0.93 lot acres
- Property type
- Commercial land
- APN
- B-1455-0023-0000
- APU
- B145500230000
Description
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.
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
- Cedar City
- County
- Iron
- State
- Utah
- Longitude
- -113.057
- Latitude
- 37.7183
- CBSA code
- 16260
- CBSA name
- CEDAR CITY, UT MICROPOLITAN STATISTICAL AREA
