53 N Aime Ave Cedar City, UT 84720

PROPERTY DETAILS

The land / lot for sale at 53 N Aime Ave Cedar City, UT 84720 has been listed at $354,000 and has been on the market for 92 days.

Aime Ave. Details: 1.03-acre multifamily development lot located at 53 N. Aime Ave., Cedar City, UT 84720 Zoned R-3-M with no CC&Rs All utilities are stubbed and ready to build Walking distance to Southern Utah University, ideal for student or workforce housing Previously approved by the city for a 24-unit apartment complex or an 8-lot PUD (8 individual townhome lots with separate tax IDs) Fully engineered, city-approved, and ready for development Includes multiple engineered and stamped plan sets (3 options total), soils report, and completed civil work Property has been owned for over 5 years, with 100+ hours invested in planning and due diligence Seller is motivated due to bandwidth being full with other projects Development flexibility and options: Build and hold as a 24-unit apartment complex. (allows up to 24 units because it is over 1 acre) Subdivide into 8 separate townhome lots, with twin homes and basement studios (16 total doors) Develop for short-term rentals (Airbnb demand in Cedar City is strong) Subdivide and sell individually Execute a phased buildout or bring in partners/investors Additional notes: Strong rental demand in the area across multiple use cases (student housing, long-term rentals, and short-term rentals) Due diligence has already been completed, saving significant time and upfront cost for a buyer or builder Very few (if any) vacant lots of this size with R-3-M zoning available this close to campus