$1,600,000 USD
515-309-0918
520 SW 5th St
Des Moines, IA 50309
Downtown Des Moines
HIGHLIGHTS
- Located in the Riverpoint Business District, just south of the Downtown Des Moines' Central Business District
- Walkable to Court Avenue with direct access the Jackson Street Bridge and the Central Iowa Trails System via the Meredith Trail
- Qualifies for a Grayfield Tax Credit and is located in an Urban Renewal District
- DX2 Zoning allows for a higher density, mixed-use concept
OVERVIEW
Currently a vacant industrial/flex property, the building has excellent potential for redevelopment as a Restaurant/Bar/Entertainment/Multi-Tenant Retail site, but is also zoned DX2, so the site allows for a higher-density redevelopment. Additionally, the site qualifies for a Grayfield Tax Credit and is located in an Urban Renewal District.
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$152 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1958
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
2
PARKING SPACES
6
LAND DETAILS
LAND ACRES
1.3
LAND SF
56,628
ZONING
DX2 Downtown District
APN/PARCEL ID
020-01074002000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
515-309-0918
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
515-309-0918
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
