1130 S Cedar Knolls, Cedar City, UT 84720

$7,400,000
Property Type: Commercial Square Footage: 33,264 Lot Size (sq. ft.): 75,359 Status: Active
Current Price: $7,400,000 List Date: 8/20/2025 Last Modified: 8/20/2025

Description

Rare opportunity for an established 24 unit student apartment building in the middle of Cedar City! The property consists of two 12 plex apartment buildings that are each 3 stories tall, making up 96 bedrooms in total. Each apartment unit floor plan consists of 4 bed 2.5 bath with it's own kitchen, living room/dining area & laundry. Newly built in 2018, the apartment building and units are in great shape. As a student rental, the building has been receiving around $550 per month per private bedroom. The landlord is currently paying all of the utilities. Plenty of parking with 125 parking stalls. With being around 1 mile from the SUU campus, this building is ideal to be used as a student housing complex. SUU is projected to continue to grow. Don't delay, come see today!

More Information MLS# 25-264210

Contract Info

List Price/SqFt: 222.46 Offering Type: Sale Cap Rate: 0 Short Sale Status: No CAM: 0 Lease Price/Annual: 0 Lse Prc Mnth P/SqFt: 0 List Price: $7,400,000 Current Price: $7,400,000 Listing Date: 2025-08-20

Location, Tax & Legal

Legal: BEG S89*42'42''W 252.00 FT ALG 1/16 SEC LN & S45*37'00''W 833.13 FT FR NE COR SW1/4NE1/4 SEC 22,T36S,R11W, SLM; S4 Total Taxes: 12750.19 Tax Year: 2022 Geo Lat: 37.658407 Geo Lon: -113.077621 House Number: 1130 Street Direction Pfx: S Street Name: Cedar Knolls MLS Area: Outside Area State/Province: UT Postal Code: 84720 County: Iron Tax ID: B-1135-0028-0002

General Property Info

Realtor.com: Commercial Lot Acres: 1.73 Available SqFt: 33264 # of Floors: 3 Listing Class: Other - See Remarks Total SqFt: 33264 Year Built: 2018

Type of Property

Commercial: 1

Site Description

Tenant Occupied: 1

Construction

Poured Concrete: 1 Other - See Remarks: 1

Zoning

Commercial: 1

Showing Instructions

Key Box: 1

Possession

Close Of Escrow: 1

Status Change Info

Status: Active

Property Features

Type of Property: Commercial Site Description: Tenant Occupied Construction: Poured Concrete; Other - See Remarks Showing Instructions: Key Box Zoning: Commercial Possession: Close Of Escrow
Listing Office: Stratum Real Estate Group So Branch
Last Updated: August - 20 - 2025
Information deemed reliable but not guaranteed.