1398 Central Ave - Office FOR SALE


Dubuque, IA 52001
$3,300,000 USD
563-580-7257
1398 Central Ave, Dubuque, IA for Sale
$3,300,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

1398 Central Ave
Dubuque, IA 52001


HIGHLIGHTS

  • High traffic area with 8,100 vehicles driving by daily
  • Extensive zoning uses
  • Grand lobby
  • Includes most existing furniture
  • Parking for 148 vehicles plus a storage garage

OVERVIEW

A “Class A” premier Corporate Headquarters building and Investor Alert! Meticulously maintained, high quality opportunity located in the heart of downtown Dubuque on the corner of Central Avenue and 14th Street. Extensive zoning uses and available city incentives make this the perfect, move-in office space or redevelopment project for commercial, historic preservation, investment, multi-family conversion, condos, mixed-use, and more. 1398 Central Avenue currently operates as a bank and features main floor grand lobby, ornate elements throughout with mason and marble details, generous ceiling heights, passenger elevator and original bank vaults. The second floor was extensively updated in 2018/2019 and the building includes most existing furniture. 1398Central Avenue is situated in Downtown Dubuque just minutes from an excellent selection of dining, retail, entertainment, and more. The sale includes six parcels with 148 parking spaces and storage garage. Parcel numbers are: 1024413014, 1024434005,1024429004, 1024429005, 1024429003, 1024408020. Two of the parcels have a billboard. Income is $100 per month for one and averages $30-$40 per month for the other. 1398 Central Avenue boasts an additional, unique opportunity. The adjacent property at 1301 Central Avenue is also listed for sale by Seller. The two properties are connected with an underground, conditioned walkway* under Central Avenue. Both properties can be purchased for a rare and unique campus/development opportunity. The possibilities are endless! *Note: the underground conditioned walkway is included with the sale of 1398 Central Ave. See floor plan attached from Dubuque County Assessor site.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

148

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C-4

APN/PARCEL ID

10-24-413-014

ASK ABOUT THIS PROPERTY

Nancy KannDBQ Property GroupMore Info
563-580-7257

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Nancy KannDBQ Property GroupMore Info
563-580-7257

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