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$295,000
Est. payment /mo
11,761 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land/Acreage
Listing Status Active
Purchase Type For Sale
Square Footage 11,761 sqft
Price per Sqft $25
Subdivision Bowler, Ence & Marsh
MLS Listing ID 26-275457
Annual Tax Amount $979
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Land/Acreage
Source Washington County Board of REALTORS®
Land Area 11761
Property Description
**LAND WITH CASH FLOW!?!**
Some might call it a unicorn. I'll just say: This is a unique investment opportunity.
Priced at an **8.5% CAP rate**, it already produces rental income while still offering plenty of future potential. With tenants on month-to-month agreements, you also have the flexibility to park your own RV, use the additional space for storage, or explore other options down the road.
This is a legal non-conforming property, meaning the current use was established before today's zoning rules and is grandfathered in. The lot is also buildable, with utilities already in place, giving you options for future development.
Located within St. George city limits, near shopping, theaters, restaurants, and more while still enjoying a quiet and private setting.
Mature trees provide afternoon shade, and the elevated lot offers beautiful desert sunset views.
Whether you're looking for an income-producing investment, a future homesite, or a combination of both, this property offers flexibility that is hard to find in Washington County.
Some might call it a unicorn. I'll just say: This is a unique investment opportunity.
Priced at an **8.5% CAP rate**, it already produces rental income while still offering plenty of future potential. With tenants on month-to-month agreements, you also have the flexibility to park your own RV, use the additional space for storage, or explore other options down the road.
This is a legal non-conforming property, meaning the current use was established before today's zoning rules and is grandfathered in. The lot is also buildable, with utilities already in place, giving you options for future development.
Located within St. George city limits, near shopping, theaters, restaurants, and more while still enjoying a quiet and private setting.
Mature trees provide afternoon shade, and the elevated lot offers beautiful desert sunset views.
Whether you're looking for an income-producing investment, a future homesite, or a combination of both, this property offers flexibility that is hard to find in Washington County.
Location
State UT
County Washington
Zoning RE-20
Exterior
View Y/N No
Street Surface Road Paved
Building
Lot Description Fenced Part, Terrain Flat, Terrain Slope, View City, View Mountains
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Nearby Locations
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Rob Kayce
Real Estate Agent License ID: 8972135-SA00
Real Estate Agent License ID: 8972135-SA00
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