1229 1st Ave SE - Office FOR SALE


Cedar Rapids, IA 52402- Downtown Cedar Rapids
$1,685,000 USD
319-651-8165
1229 1st Ave SE, Cedar Rapids, IA for Sale
$1,685,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

1229 1st Ave SE
Cedar Rapids, IA 52402
Downtown Cedar Rapids


HIGHLIGHTS

  • Strategically located directly across 1st Ave from Coe College
  • High Traffic Count
  • Prime 1st Ave location blocks from Downtown Cedar Rapids

OVERVIEW

Explore this exceptional income-producing investment opportunity in the heart of the MedQuarter, a core district in the heart of Cedar Rapids. Boasting four buildings and a parking lot situated contiguously on 1st Ave SE. Strategically located directly across 1st Ave from Coe College and in an opportunity zone, this property offers immense potential for entrepreneurs and investors alike. Renovated in 2021, this property has been updated to offer a modern and accommodating environment for businesses. Currently, the property features four leased buildings for businesses plus on-site parking with street access for each. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Urban

APN/PARCEL ID

14222-57004-00000,14222-57005-00000,14222-57006-00000,14222-57007-00000,14222-57008-00000

ASK ABOUT THIS PROPERTY

Tiffany Earl-WilliamsTiffany Earl at the Skogman Commerical GroupMore Info
319-651-8165

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Tiffany Earl-WilliamsTiffany Earl at the Skogman Commerical GroupMore Info
319-651-8165

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