3412 1st Avenue Southeast
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3412 1st Avenue Southeast
1,660 SF 100% Leased Retail Building Cedar Rapids, IA 52402 $617,897 CAD ($372 CAD/SF)
Investment Highlights
- On Average Over 20,900 Daily Traffic
Executive Summary
Parcel numbers for all 4 properties: 14112-27025-00000, 14113-2704-00000, 14113-27023-00000, 14113-27022-00000.
Zoning for 3412, 3406, and 3400 is Traditional Mixed Use Center. Zoning for 118 34th Ave NE is Suburban Residential Medium Single Unit.
The property consists of 4 parcels, including the vacant 1st Avenue Wine House, 2 residential houses leased to full-time tenants, and a vacant lot. This presents a redevelopment or investment income opportunity with excellent traffic counts just off a lighted intersection. Features include off-street parking, rental income, direct access from 1st Avenue, and great visibility.
Zoning for 3412, 3406, and 3400 is Traditional Mixed Use Center. Zoning for 118 34th Ave NE is Suburban Residential Medium Single Unit.
The property consists of 4 parcels, including the vacant 1st Avenue Wine House, 2 residential houses leased to full-time tenants, and a vacant lot. This presents a redevelopment or investment income opportunity with excellent traffic counts just off a lighted intersection. Features include off-street parking, rental income, direct access from 1st Avenue, and great visibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,660 SF
Year Built
1940
Price
$617,897 CAD
Price Per SF
$372 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.06
Lot Size
0.66 AC
Zoning
Traditional Mixed Use - 3412,3406,3400 - Traditional Mixed Use, 118 - Suburban Residential Medium
Parking
11 Spaces (6.63 Spaces per 1,000 SF Leased)
Frontage
69 ft on 1st Avenue Southeast
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14113-27024-00000 | Improvements Assessment | $0 CAD |
| Land Assessment | $40,621 CAD | Total Assessment | $40,621 CAD |
PROPERTY TAXES
Parcel Number
14113-27024-00000
Land Assessment
$40,621 CAD
Improvements Assessment
$0 CAD
Total Assessment
$40,621 CAD
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3412 1st Avenue Southeast
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