IA > Cedar Rapids
Cedar Rapids, IA 52402,1140 Blairs Ferry RD NE
Cedar Rapids, IA 52402,1140 Blairs Ferry RD NE
Cedar Rapids, IA 52402,1140 Blairs Ferry RD NE
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Joshua Weuve

Joshua Weuve

+1(319) 304-5195
$2,362,335
Est. payment /mo
7,801 SqFt
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UPDATED:

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

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Listed by GLD COMMERCIAL

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Joshua Weuve
Joshua Weuve

Agent | License ID: S68214000

+1(319) 304-5195 | joshweuve@epique.me

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1140 Blairs Ferry RD NE