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Corner Of 1st Ave And 7th St I-380 Exit

625 1st Ave SE, Cedar Rapids, Iowa

$685,000
Acres: 0
MLS # 1501653
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For more information on this property, call Iowa Realty at (319) 378-6814

For more information on this property, call Iowa Realty at (319) 378-6814

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Property Information
MLS# 1501653
County Linn
Year Built 1946
Property Description
OWN THIS FULLY LEASED POWER CORNER! HIGHLY VISIBLE RETAIL/OFFICE ON 1ST AVE AT I-380 INTERCHANGE. NOI ON FULLY LEASED SPACE OF $57,928. OFF-STREET PARKING. TRAFFIC COUNT OVER 24,000 CARS PER DAY. PYLON SIGNAGE. SALE SUBJECT TO OWNER FINDING SUITABLE 1031 EXCHANGE PROPERTY. CONTRACT TERMS AVAILABLE TO QUALIFIED BUYER. RENT ROLL AVAILABLE, WITH SIGNED CONFIDENTIALITY STATEMENT.
size & lot
Lot Size 11280
Structure
Tax & Terms Information
Gross Taxes $12,788
Net Taxes $9,142
Lease Information
Utilities
Heat CNTAIR,CNTRLHT,GASHEAT
Water CTYSWR,CTYWTR
Tenant-Owner Information
Listing courtesy of Doug Laird, Skogman Realty Commercial
Data courtesy of Cedar Rapids Area Association of Realtors MLS

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