640 Highway 1 W - Office FOR SALE


Iowa City, IA 52246- Roosevelt
$1,600,000 USD
319-721-1520
640 Highway 1 W, Iowa City, IA for Sale
$1,600,000 USD
Office - FOR SALE
1/76
null | Request Cap Rate

640 Highway 1 W
Iowa City, IA 52246
Roosevelt


HIGHLIGHTS

  • One co-tenant in place.
  • Cell tower lease in place.

OVERVIEW

Highly visible former bank branch building on the South side of Iowa City for sale. This property is partially leased to a medical office user and also benefits from a cell tower lease. The former bank branch is currently vacant, which is 5,277 SF with a drive through. The interior buildout of the available space contains 7 private offices, cubicle spaces, teller line and a conference room. Jensen Eyecare occupies 3,137 SF.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

First American Bank Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

CC-2

APN/PARCEL ID

1016433001

ASK ABOUT THIS PROPERTY

Adam GibbsGLD Commercial Real Estate AdvisorsMore Info
319-721-1520

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Adam GibbsGLD Commercial Real Estate AdvisorsMore Info
319-721-1520

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