 | Property Information | |
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| Property Photos |
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| Property Description |
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| THIS LEASED INVESTMENT IS A 14,866 FOOT RETAIL STRIP CENTER LOCATED AT HWY #6 AND 1ST AVE IN CORALVILLE. TRAFFIC COUNTS ARE HIGH WITH 24,500 N-S AND 30,200 E-W. INCOME IS $261,000 WITH EXPENSES AT $77,000 LEAVING A NET OPERATING INCOME OF $184,000. THE CAP RATE IS 8.7%. THIS BUILDING WAS FLOODED IN 2008 AND HAS BEEN RENOVATED AND THERE IS JUST ONE VACANCY TO GO FOR FULL OCCUPANCY. PANERA BREAD IS BUILDING JUST NORTH OF THIS CENTER, AND PEKING BUFFET HAS JUST OPENED A RESTAURANT DIRECTLY TO THE SOUTH. |
| Property Features |
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| Basement Y/N: | Yes | | Construction: | Frame | | Floor: | Wood | | Roof: | Membrane | | Power Available: | See Remarks | | Utilities: | City Water,City Sewer,Gas-Natural | | Heating/Cooling: | Central Heat,Central Air | | Miscellaneous: | Rest Rooms,Disp Window,Sign,Off Str Pkg |
| Listing Provided Courtesy of |
SKOGMAN REALTY | |
