5865 Saratoga Rd - Office FOR SALE


Asbury, IA 52002
$1,900,000 USD
563-542-3519
5865 Saratoga Rd, Asbury, IA for Sale
$1,900,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

5865 Saratoga Rd
Asbury, IA 52002


HIGHLIGHTS

  • Additional 2-acre level lot included for development
  • Well maintained office space can be divided for multiple users or converted to retail
  • Great access in the center of Asbury adjacent to the city park, convenience store and schools

OVERVIEW

Now available for purchase is a dynamic commercial property immersed in the heart of Asbury, Iowa. This property offers an 11,600 sq ft building with existing office build out and great visibility and access adjacent to the city park. The building has been very well maintained and updated to include MEP and finishes (carpet, walls, ceiling tiles are all in really great shape). The current office buildout includes private offices, small meeting spaces, larger conference rooms, generous reception area, restrooms, breakroom along with open workspaces. The turn-key space could easily allow for the next user with a simple rebranding. Alternatively, the layout would also allow for the space to be divided into multiple units with some plumbing and metering already being in place and multiple egress doors. Garage space with overhead door is a bonus. The adjacent 2-acre parcel is also available for purchase in conjunction with the existing building. That parcel includes a former drive-up building with awning and has a flat grade and zoning for many potential uses. The structure itself has a restroom and canopy in good condition if the new owner desires to make use of the existing improvement. The site would be ideal for redevelopment with excellent proximity to the schools, city park, and the 8500 VPD Asbury Road connector. Inquire about the terms of a bundled sale. The property is located one mile west of the NW Arterial and Asbury Plaza. Asbury is home to significant residential growth on the west side of the Dubuque metro area, and the surrounding demographics offer exceptional median incomes, home values and consist largely of young, growing families.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dupaco

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C2 - General Commercial

APN/PARCEL ID

10-20-152-006

ASK ABOUT THIS PROPERTY

Steve DavisEquity Real Estate GroupMore Info
563-542-3519

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Steve DavisEquity Real Estate GroupMore Info
563-542-3519

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