Active
1298 N 1050 W, St George, UT 84770
$295,000
11,761 sqft
**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.
TOP 20% VALUE: priced better per square foot than 5 of the 5 most similar active listings nearby.
| Year built | ******** |
|---|---|
| Lot size | 0.27 acres |
| Garage | ******** spaces |
| Stories | ******** |
| Type | Land/Acreage |
| County | Washington County |
| MLS # | 26-275457 |
Photos (17)
Listing courtesy of COLDWELL BANKER PREMIER REALTY.
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