123 1st St SE - Office FOR SALE


Mason City, IA 50401
$699,000 USD
641-425-1233
123 1st St SE, Mason City, IA for Sale
$699,000 USD
Office - FOR SALE
1/17
null | 8.3% Cap Rate

123 1st St SE
Mason City, IA 50401


OVERVIEW

Introducing a prime investment opportunity in Mason City, IA! Presenting Spring Harbor Office Building, located at 123 First St SE. This 9256 SF office building is fully leased, offering a solid $58,000 NOI with established tenants and the potential for further expansion with 1500 SF available. With an attractive 8.3% CAP rate, this property is a lucrative asset. Positioned close to downtown Mason City, this office space is highly sought-after for its convenient location and high tenant demand. This is a sound investment opportunity not to be missed. Whether you're looking to expand your real estate portfolio or secure a reliable income stream, this property offers both stability and growth potential. Broker owned property and would consider management after the sale. Conservative rents and should be solid for years to come. Call with any questions! Brett Schoneman. 641-425-1233

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

Commercial

APN/PARCEL ID

07-10-156-00-400

ASK ABOUT THIS PROPERTY

Brett SchonemanSchoneman RealtorsMore Info
641-425-1233

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Brett SchonemanSchoneman RealtorsMore Info
641-425-1233

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