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$319,000
53 N Aime Ave
Cedar City, UT 84720
MLS# 25-263210

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Property Description
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

Details
Maps
Contract Info
Original List Price: 380000
List Price/Acre: 319000
Short Sale Status: No
List Price: $319,000
Current Price: $319,000
Listing Date: 2025-07-17
Location,Tax & Legal
Elementary Schools: Out of Area
Intermediate Schools: Out of Area
Jr. High Schools: Out of Area
Sr. High Schools: Out of Area
Zoning: R-3-M
Total Taxes: 1470.04
Tax Year: 2025
General Property Info
Realtor.com: Land
Lot Acres: 1
Assoc Dues Period: N/A
Change of Ownership Fee: No
Listing Class: Land/Acreage
Remarks & Misc
Directions: Head N on Sage Dr. Turn L to stay on Sage Dr. Turn R onto Ridge Rd. Turn L onto University Blvd. Turn R onto college way. Turn L onto 45 N. Follow road, lot will be on the left.
Utilities
See Remarks: 1
Zoning
Residential: 1
Builder Restrictions
Bring your own Builder: 1
Terms of Sale
Cash: 1
Conventional: 1
Possession
Other: 1
LocationTax Legal
Geo Lat: 37.678194
Geo Lon: -113.085981
House Number: 53
Street Direction Pfx: N
Street Name: Aime
Street Suffix: Ave
MLS Area: Outside Area
State/Province: UT
Postal Code: 84720
County: Iron
Tax ID: B-0046-0007-0000
Status Change Info
Status: Active
Property Features
Utilities: See Remarks
Zoning: Residential
Builder Restrictions: Bring your own Builder
Terms of Sale: Cash; Conventional
Possession: Other
Supplements
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
Listing Office: Re/Max Properties

Last Updated: December - 02 - 2025

Information deemed reliable but not guaranteed.

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