3412 1st Avenue Southeast - Retail FOR SALE


Cedar Rapids, IA 52402
$429,000 USD
319-540-1800
3412 1st Avenue Southeast, Cedar Rapids, IA for Sale
$429,000 USD
Retail - FOR SALE
1/27
null | Request Cap Rate

3412 1st Avenue Southeast
Cedar Rapids, IA 52402


HIGHLIGHTS

  • On Average Over 20,900 Daily Traffic

OVERVIEW

Parcel numbers for all 4 properties: 14112-27025-00000, 14113-2704-00000, 14113-27023-00000, 14113-27022-00000. Zoning for 3412, 3406, and 3400 is Traditional Mixed Use Center. Zoning for 118 34th Ave NE is Suburban Residential Medium Single Unit. The property consists of 4 parcels, including the vacant 1st Avenue Wine House, 2 residential houses leased to full-time tenants, and a vacant lot. This presents a redevelopment or investment income opportunity with excellent traffic counts just off a lighted intersection. Features include off-street parking, rental income, direct access from 1st Avenue, and great visibility.

FOR SALE DETAILS

PRICE

$429,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,647 SF

ZONING

Traditional Mixed Use

APN/PARCEL ID

14113-27022-00000,14113-27023-00000,14113-27024-00000,14113-27025-00000

ASK ABOUT THIS PROPERTY

Jim AngstmanColdwell Banker Hedges RealtyMore Info
319-540-1800

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Jim AngstmanColdwell Banker Hedges RealtyMore Info
319-540-1800

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