626-632 Sycamore St - Storefront Retail/Office FOR SALE


Waterloo, IA 50703- Downtown Waterloo
$575,000 USD
563-419-7644
626-632 Sycamore St, Waterloo, IA for Sale
$575,000 USD
Storefront Retail/Office - FOR SALE
1/36
null | Request Cap Rate

NEW


626-632 Sycamore St
Waterloo, IA 50703
Downtown Waterloo


OVERVIEW

Welcome to the Gasser Building! Offering a unique blend of commercial and residential opportunities. This 9,344 SF building sits on .18 acres in the heart of downtown Waterloo. The building features (3) commercial units and (3) residential units. The commercial suites are roughly (+/-) 1,500 SF featuring historical touches throughout. One unit is currently leased and two units are ready to be white-boxed and re-leased. The three residential units include a mix of floorplans: Two units with (2) bedrooms and (2) bathrooms, and one unit with (2) bedrooms and (1) bathroom. Each unit features a beautiful historic fireplace, an in-unit washer and dryer, and original hardwood flooring throughout. The building’s central location provides easy access to local amenities, making it an ideal spot for tenants seeking visibility, foot traffic, and proximity to a surplus of retailers and restaurants. The property is located in the Downtown TIF district and opportunity zone with incentives available. With its rich history and modern upgrades, the Gasser Building presents a rare opportunity for a viable restoration project for the commercial units, and cash-flow on the residential units.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gasser Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Commercial

APN/PARCEL ID

8913-25-102-004

ASK ABOUT THIS PROPERTY

Lindsey McEnaneyAW Commercial & DevelopmentMore Info
563-419-7644

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Lindsey McEnaneyAW Commercial & DevelopmentMore Info
563-419-7644

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