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.
Square Feet
83,202 Sq. Ft.
MLS#
202406748
MLS Feed
Icaar
Sale Price
$2,475,000.00
Status
Active
Property Type
Commercial Sale
Property Subtype
Commercial
Property Features
Lot Size:
1.91 Acres
Taxes
$62,924
Property Descriptions
Parcel#
0636388002
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Phone Available, Underground Utilities, City Water
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