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420 12th Avenue Se 1st-3rd Floor

Cedar Rapids, IA 52401
  • $3,655,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 202106601
$3,655,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,680
    SQFT
  • $267
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2016
County:
Area:

School Ratings & Info

Description

REAL ESTATE, FFE, AND INVESTMENT RENT ROLL FOR SALE Depot Building B Commercial Space FLOORS 1-3 (13,680 sq ft/ $5.50 per sq ft HOA) in the NewBo Arts & Entertainment District. Unique FINANCIAL OPPORTUNITY to own the REAL ESTATE, FFE including custom furniture, plumbing, and INVESTMENT OPPORTUNITY with current leases. TIF SCHEDULE available with 10 years remaining making this a high rate of return on your investment. Rent roll for Successful salon suites Floors 2 and 3 available. Floor 1 Approximately 2,000 square feet of flexible space and 800 square feet of additional expansion or warehouse. 8 commercial insulated door to the rear of building where warehouse space is currently being used. 2,850 main floor square foot for available or for lease in this multi-tenant building. Each floor individually owned and parceled. 2 entrances with one South facing 12th Avenue (16,800 + cars / day, Source AADT) and another in the parking lot adjacent to the Newbo Market. Secure access, inviting vestibule with sitting area, elevator access- Ambulatory, mail station, industrial modern design, large display, or scenic windows with energy efficient UV film. The building offers exposed duct work, emergency lighting, overhead sprinklers, monitored fire alarms and extinguishers, Fiber internet, and security cameras. Convenient and up to date codes with ADA Compliance, 2 emergency stairwells, 46 common hallway, drinking fountain, mop sink, kitchenette, and break room. Construction plans available with CAD access, concrete walls and flooring, gypcrete between floors 2 and 3 steel framing, and multi zoned HVAC systems and water heaters. Parking option at the front and back of the building. Immediate possession. Pass through expense includes the HOA fee to the Depot and Salon Flats. Please see additional information on expenses and rent roll. Ask about the residences on floor 4 and 5 for sale. * HOA fee monthly: $1,082 for 3 floors, HOA Salon Flats: $1,411 for 3 floors.

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© 2022 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2022-01-21T00:25:34.79
www.lepicelite.com/homes/124355416
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420 12th Avenue Se 1st-3rd Floor Cedar Rapids, IA 52401

  • Price: $3,655,000
  • Status: Active
  • On Site: 21 Days
  • MLS #: 202106601
0
Beds
0
Baths
0
½ Baths
N/A
Acres
13,680
SQFT
$267
$/SQFT
2016
Built
Neighborhood:
Out Of Area
County:
Linn
Area:
Out Of Area
Property Description
REAL ESTATE, FFE, AND INVESTMENT RENT ROLL FOR SALE Depot Building B Commercial Space FLOORS 1-3 (13,680 sq ft/ $5.50 per sq ft HOA) in the NewBo Arts & Entertainment District. Unique FINANCIAL OPPORTUNITY to own the REAL ESTATE, FFE including custom furniture, plumbing, and INVESTMENT OPPORTUNITY with current leases. TIF SCHEDULE available with 10 years remaining making this a high rate of return on your investment. Rent roll for Successful salon suites Floors 2 and 3 available. Floor 1 Approximately 2,000 square feet of flexible space and 800 square feet of additional expansion or warehouse. 8 commercial insulated door to the rear of building where warehouse space is currently being used. 2,850 main floor square foot for available or for lease in this multi-tenant building. Each floor individually owned and parceled. 2 entrances with one South facing 12th Avenue (16,800 + cars / day, Source AADT) and another in the parking lot adjacent to the Newbo Market. Secure access, inviting vestibule with sitting area, elevator access- Ambulatory, mail station, industrial modern design, large display, or scenic windows with energy efficient UV film. The building offers exposed duct work, emergency lighting, overhead sprinklers, monitored fire alarms and extinguishers, Fiber internet, and security cameras. Convenient and up to date codes with ADA Compliance, 2 emergency stairwells, 46 common hallway, drinking fountain, mop sink, kitchenette, and break room. Construction plans available with CAD access, concrete walls and flooring, gypcrete between floors 2 and 3 steel framing, and multi zoned HVAC systems and water heaters. Parking option at the front and back of the building. Immediate possession. Pass through expense includes the HOA fee to the Depot and Salon Flats. Please see additional information on expenses and rent roll. Ask about the residences on floor 4 and 5 for sale. * HOA fee monthly: $1,082 for 3 floors, HOA Salon Flats: $1,411 for 3 floors.
Exterior Features

Additional Square Feet 10000-20000 Sqft Construct Cm BlockFrameSteel/Metal Road Frontage Other Roof Type Other

Interior Features

Cooling Central A/C Elevators Yes Floor Type Concrete Slab/Grade Heating CentralGas

Property Features

Business Office BuildingOtherRetail StoreWarehouse Ci Features Display WindowSecurity SystemSprinkler System Gross Taxcounty And City 53708 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Other Lot Dimensions Common Ownership Type Commercial Possible Financing CashExchange Sale Lease For Sale Special Features None Type Of Lease N/A Utilities Available ElectricityNatural GasSewerWater-City Zoning Comm

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Heather Morris of Skogman Realty Corridor.



© 2022 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2022-01-21T00:25:34.79
 
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