2740 1st Ave NE - Freestanding FOR SALE


Cedar Rapids, IA 52402
$2,175,000 USD
319-675-1694
2740 1st Ave NE, Cedar Rapids, IA for Sale
$2,175,000 USD
Freestanding - FOR SALE
1/2
null | 6.75% Cap Rate

2740 1st Ave NE
Cedar Rapids, IA 52402


HIGHLIGHTS

  • Established tenancy
  • Net leases
  • Central location along 1st Avenue

OVERVIEW

2740 1st Ave NE presents a stable, 100% occupied medical office investment in the heart of Cedar Rapids. The 15,003 SF building is positioned on a 0.705-acre parcel with ample on-site parking and excellent visibility along a main commercial corridor. The property delivers consistent income backed by established healthcare tenants, generating an NOI of $146,828.76 and offered at a 6.75% CAP rate. With its central 1 Avenue location, strong tenant profile, and flexible zoning, the asset offers investors both dependable cash flow and long-term value potential.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,701 SF

ZONING

Mixed Use

APN/PARCEL ID

14142-27009-00000

ASK ABOUT THIS PROPERTY

319-675-1694

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319-675-1694

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