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Cedar City,UT 84721
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2052152
Year Built 2005
Annual Tax Amount $5,358
Lot Size 0.350 Acres
Property Description
What an awesome investment opportunity! Well established bar/restaurant with a liquor license. Lease goes through March 31, 2027, with two five year options with ten percent increases every five years. The tenant recently invested $200,000+ in property upgrades. The year built is an effective year, actual year built is unknown to seller. Cedar City is continues to grow quickly. It currently has a population of 41,400 and is projected to reach 56,400 in the next decade. Growth rate has been 3.73%. per annum since the last census. It is the home to Southern Utah State University and the world renowned Shakespearean Festival
Location
State UT
County Iron
Area Cedar Cty; Enoch; Pintura
Zoning Commercial, Industrial
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet,Tile
Inclusions Real Estate
Exterior
Exterior Feature Paved Parking
Utilities Available 120/240 V 1 Phase,Gas: Natural
View Y/N No
Roof Type Metal
Building
New Construction No
Others
Acceptable Financing Cash,Commercial Fin. Req.
Listing Terms Cash,Commercial Fin. Req.