1 Acre of Residential Land for Sale in Cedar City, Utah

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