640 Highway 1 W - Office FOR SALE


Iowa City, IA 52246- Roosevelt
$2,300,000 USD
319-331-6187
640 Highway 1 W, Iowa City, IA for Sale
$2,300,000 USD
Office - FOR SALE
1/78
null | Request Cap Rate

640 Highway 1 W
Iowa City, IA 52246
Roosevelt


OVERVIEW

Former Farmers Savings Bank building at 640 Hwy 1 W, Iowa City is for sale. This space is highly visible and ideally located and configured for a bank, credit union or other financial institution. Daily traffic count is 23,400 cars per day and the zoning is CC2 allowing office and retail uses. The bank portion is vacant & consists of 5,277 SF plus a bank drive through of 660 SF. The bank suite is set up with 7 hard wall offices, several cubicles, teller stations, drive-through stations, work areas, conference room, electronic demark room, mechanical and storage areas. There is a cash vault, main vault, security system and personal property expected in a bank. The furniture, security cameras, cash machine change counter and ATM are negotiable. The building generates income from 2 long-term leases. Jensen Eye Care occupies 3,137 SF with exceptional build out, There is a second lease for 500 ft of exterior space for a cell tower

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Farmers Savings Bank

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

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

Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

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Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

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