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53 N Aime Ave, Cedar City, UT 84720

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For Sale

$380,000

1 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 1 acres
    Lot size

Explore this Property

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
MLS# 25-263210

Courtesy Of RE/MAX PROPERTIES

(435) 865-7600

Property Features

  • Architecture Style
    Other
  • Lot Size
    1 Acres

Map and Directions

Directions to 53 N Aime Ave, Cedar City, UT 84720

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Copyright © 2025 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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