410 Spruce St - Specialty FOR SALE


Albert City, IA 50510
$999,999 USD
712-224-2727
410 Spruce St, Albert City, IA for Sale
$999,999 USD
Specialty - FOR SALE
1/2
null | Request Cap Rate

410 Spruce St
Albert City, IA 50510


OVERVIEW

Discover an exceptional investment opportunity on the outskirts of Albert City! This expansive 41,421 square foot property, constructed in 1965 and renovated in 2003, encompasses 29 nursing home units and 16 market rate apartments. The existing apartments bring immediate income while the nursing home (not currently utilized)could continue its current use or be repurposed for apartments/school/or another other use you can envision. Boasting solid construction and situated in a prime location, this property offers limitless potential for a variety of applications. With its versatility and ample space, this property is a rare find in today's market. Don't miss out on the endless possibilities and watch your vision come to life in this remarkable property. ** 24-hour notice required for showings.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Senior Care Facility + Market-Rate Apts

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.86 AC

LAND SF

124,582 SF

ZONING

M - Residential (MR R3+)

APN/PARCEL ID

08-23-151-009

ASK ABOUT THIS PROPERTY

Lawrence JensenNAI UnitedMore Info
712-224-2727

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Lawrence JensenNAI UnitedMore Info
712-224-2727

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