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8905 6th Street Sw

Cedar Rapids, IA 52404
  • $150,000
  • STATUS: Active
  • ON SITE: 197 Days
  • MLS #: 202306438
UPDATED: 168 min ago
$150,000
  • 0
    BEDS
  • 4.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
0
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

Land lease opportunity. $150,000/year NNN. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a new on-ramp to I-380 and expansion of the roadway with additional lanes. Lease rate shall increase 3% annually. A member of the ownership entity is a licensed REALTOR in the state of Iowa. *SOC: 2.5% on 1st 10 years of lease term

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© 2024 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 The Johnson Team | Skogman Realty. Data last updated: 2024-07-14T00:26:14
www.gwenjohnson.com/homes/146273355
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8905 6th Street Sw Cedar Rapids, IA 52404

  • Price: $150,000
  • Status: Active
  • On Site: 197 Days
  • Updated: 168 min ago
  • MLS #: 202306438
0
Beds
0
Baths
0
½ Baths
4.88
Acres
Neighborhood:
0
County:
Linn
Area:
Out Of Area
Property Description
Land lease opportunity. $150,000/year NNN. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a new on-ramp to I-380 and expansion of the roadway with additional lanes. Lease rate shall increase 3% annually. A member of the ownership entity is a licensed REALTOR in the state of Iowa. *SOC: 2.5% on 1st 10 years of lease term
Exterior Features

Lot Size Acre Range TwoToFiveAcres Lot Size Dimensions 0 Other Structures None Road Frontage Type CountyRoadInterstatePaved Topography Level

Interior Features

Bathrooms Total Integer 0

Property Features

Association Fee Text 0 Auction Online Bid YN No Buyer Financing CashConventional Community Features None Compensation Remarks 2.5* Current Use Platted Expiration Date 2024-12-28 Green Verification YN No Listing Terms CashConventional Possible Use Commercial Property Sub Type Commercial Section 0 Tax Annual Amount 26906 Tax Year 2021 Township 0 Utilities ElectricityAvailableNaturalGasAvailableSewerAvailableCityWater Zoning Suburban MU Reg Ctr

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Adam Gibbs of GLD Commercial Real Estate Advisors: 319-731-3410.



© 2024 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 The Johnson Team | Skogman Realty. Data last updated: 2024-07-14T00:26:14
 
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