5900-5904 SE 14th St - Storefront FOR SALE


Des Moines, IA 50320
$1,325,000 USD
515-689-2612
5900-5904 SE 14th St, Des Moines, IA for Sale
$1,325,000 USD
Storefront - FOR SALE
1/10
null | 8.54% Cap Rate

5900-5904 SE 14th St
Des Moines, IA 50320


HIGHLIGHTS

  • Lit Corner Lot
  • 29,600 VPD
  • Strong Visibility off of SE 14th

OVERVIEW

VALUE ADD or REDEVELOPMENT 5900-5914 SE 14th St consists of 3 retail buildings totaling 31,700 building SF that sit on 1.424 acres of land at the lit corner of SE 14th St and E Diehl Ave in Des Moines. Surrounding retailers include, but are not limited to Menards, Napa Auto Parts, Kum & Go, Culvers, Starbucks, Walmart, Home Depot, and more! This is an excellent redevelopment or value-added opportunity for a new investor as the property is 90% leased with 6 tenants all with below-market rental rates, and short-term rents. This allows flexibility for a new investor to either boost rents and/or let leases expire to complete a new development at this prominent Des Moines out lot location.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

8.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

C-2

APN/PARCEL ID

120-00156007002

ASK ABOUT THIS PROPERTY

Ross QuinteroHansen Real Estate Services, Inc.More Info
515-689-2612

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Ross QuinteroHansen Real Estate Services, Inc.More Info
515-689-2612

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