1010 Martin St - Storefront Retail/Residential FOR SALE


Iowa City, IA 52245- Peninsula Neighborhood
$515,000 USD
319-331-6187
1010 Martin St, Iowa City, IA for Sale
$515,000 USD
Storefront Retail/Residential - FOR SALE
1/67
null | Request Cap Rate

1010 Martin St
Iowa City, IA 52245
Peninsula Neighborhood


OVERVIEW

This 3-story building sits right on Emma Harvat Square, in the heart of the vibrant Peninsula Neighborhood, a 72-acre community with 403 homes, 8 businesses, & over 1,100 residents. For sale is the commercial restaurant space AND residential condo for $515,000. Designed as a neighborhood pub, this property is ready to become the gathering place of the community. Soaring 2 story ceilings, bar and dining space, huge wrap around exterior patio, interior mezzanine all supported by a fully equipped commercial kitchen. It is currently being operated as an Asian noodle restaurant but could easy be converted to your vision. The 2nd floor has additional prep/storage space & office. The 3rd floor is a stylish 2-bedroom 2 bath condo with park views. The unit is currently getting a refresh with new flooring & paint. A new owner will have flexibility to rent the unit or make it their own. Unit has OSA and liquor license. Attached courtyard with direct access from commercial space. One car over-sized garage with additional off-street parking. Fermob patio furniture is reserved and not included in the sale. HOA is $536.00/building + 30.00/master, per month.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,746 SF

ZONING

OPD5

APN/PARCEL ID

1004327061

ASK ABOUT THIS PROPERTY

Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

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Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.