Sale Price $2,475,000 - MLS: 202406748
The property is located at the corner of Coral Ridge Avenue and Hwy 6, on the border of Coralville and Tiffin. It is adjacent to Coral Ridge Mall. This investment offering includes a fully leased single-story retail property with excess land for future development. The current tenants include Midwest Mattress & Abelardo's Mexican Fresh. Property is offered as a package or it can be subdivided and the leased building or excess lot can be purchased individually. Pricing on this listing represents a 7.96% cap rate on the current income, but does not include the vacant land south of Popeye's, which would be subdivided prior to closing.
MLS #: 202406748
Sale Price: $2,475,000
Year Built: 2018
Sq Ft: 83202.0
Business: Food And Beverage, Retail
Construction: Frame
Floor Type: Concrete Slab Grade
Financing:
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Phone Available, Underground Utilities, City Water
Acreage: 1.91
Lot: IRREGULAR
Frontage: County Road
Energy Generation:
Heat/Cooling: Central, Central Air
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Cushman & Wakefield Iowa Commercial Advisors - Agent: Joshua Seamans - Information furnished by Iowa City Area Association of Realtors