53 N Aime Ave, Cedar City, UT 84720

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/investorsAdditional 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