1140 Blairs Ferry RD NE Active Save Request In-Person Tour Request Virtual Tour
Cedar Rapids,IA 52402
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,801 sqft
Price per Sqft $302
MLS Listing ID 2305139
HOA Y/N No
Total Fin. Sqft 7801
Year Built 1993
Annual Tax Amount $39,864
Lot Size 1.120 Acres
Acres 1.12
Property Sub-Type Retail
Property Description
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
Location
State IA
County Linn
Area Ne Quadrant
Zoning SMC
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air
Flooring Concrete
Inclusions Building,Land
Fireplace No
Exterior
Exterior Feature Sprinkler/Irrigation
Parking Features Off Street
Utilities Available Electricity Available,Natural Gas Available
Water Access Desc Public
Roof Type Membrane
Building
Building Description Block,Frame,Concrete, Kitchen Facilities,Multi-Tenant,Private Restrooms,Pole Sign
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block,Frame,Concrete
Others
Tax ID 14032-26008-00000
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Virtual Tour https://www.propertypanorama.com/instaview/cdr/2305139