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144 E Canyon Commercial Ave
Cedar City, UT 84721
Canyon Commercial Multi Family · Land For Sale
·
8.52 AC
INVESTMENT HIGHLIGHTS
- 8.52 Acres
- Approved for 204 units but currently laid out at 180 units
- Building plans can be included
- Zoned Multi-Family R-3-M
- Designed for 15 - 12 plex buildings
- Potential JV opportunity
EXECUTIVE SUMMARY
Prime Multi-Family Development Opportunity – 8.52 Acres
An exceptional opportunity to acquire a fully entitled multi-family development site offering scale, flexibility, and strong upside potential. This 8.52-acre parcel, zoned Multi-Family R-3-M, is approved for up to 204 residential units and is currently designed for 180 units across 15 twelve-plex buildings.
The site benefits from an efficient, well-conceived layout, and existing building plans may be included, providing a streamlined path toward development and reduced time to market. With zoning already in place and density approvals secured, this property is ideally suited for developers seeking a shovel-ready multi-family project.
Adding to the investment appeal is a potential joint venture opportunity, allowing for creative capital structuring. Additionally, an adjoining 1.25-acre retail parcel is available for separate purchase, offering the potential for complementary mixed-use development and enhanced long-term value.
Offered at $6,400,000, this property represents a compelling opportunity in a growing market with demand for quality multi-family housing.
An exceptional opportunity to acquire a fully entitled multi-family development site offering scale, flexibility, and strong upside potential. This 8.52-acre parcel, zoned Multi-Family R-3-M, is approved for up to 204 residential units and is currently designed for 180 units across 15 twelve-plex buildings.
The site benefits from an efficient, well-conceived layout, and existing building plans may be included, providing a streamlined path toward development and reduced time to market. With zoning already in place and density approvals secured, this property is ideally suited for developers seeking a shovel-ready multi-family project.
Adding to the investment appeal is a potential joint venture opportunity, allowing for creative capital structuring. Additionally, an adjoining 1.25-acre retail parcel is available for separate purchase, offering the potential for complementary mixed-use development and enhanced long-term value.
Offered at $6,400,000, this property represents a compelling opportunity in a growing market with demand for quality multi-family housing.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 8.52 AC |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 8.52 AC |
1 LOT AVAILABLE
Lot
| Price | $8,906,240 CAD | Lot Size | 8.52 AC |
| Price Per AC | $1,045,333.34 CAD |
| Price | $8,906,240 CAD |
| Price Per AC | $1,045,333.34 CAD |
| Lot Size | 8.52 AC |
• 8.52 Acres • Zoned Multi-Family R-3-M • Approved for 204 units but currently laid out at 180 units • Designed for 15 - 12 plex buildings • Building plans can be included
DESCRIPTION
• 8.52 Acres • Zoned Multi-Family R-3-M • Approved for 204 units but currently laid out at 180 units • Designed for 15 - 12 plex buildings • Building plans can be included • Potential JV opportunity • Adjoining 1.25-acre retail site can be sold separately • Price $6,400,000
PROPERTY TAXES
| Parcel Number | B-1196-0040-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,453,214 CAD | Total Assessment | $2,453,214 CAD |
PROPERTY TAXES
Parcel Number
B-1196-0040-0000
Land Assessment
$2,453,214 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,453,214 CAD
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