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1010 Martin St 3,046 SF 100% Leased Retail Building Iowa City, IA 52245 $515,000 ($169.07/SF)
Executive Summary
This 3-story building sits right on Emma Harvat Square, in the heart of the vibrant Peninsula Neighborhood, a 72-acre community with 403 homes, 8 businesses, & over 1,100 residents. For sale is the commercial restaurant space AND residential condo for $515,000. Designed as a neighborhood pub, this property is ready to become the gathering place of the community. Soaring 2 story ceilings, bar and dining space, huge wrap around exterior patio, interior mezzanine all supported by a fully equipped commercial kitchen. It is currently being operated as an Asian noodle restaurant but could easy be converted to your vision. The 2nd floor has additional prep/storage space & office. The 3rd floor is a stylish 2-bedroom 2 bath condo with park views. The unit is currently getting a refresh with new flooring & paint. A new owner will have flexibility to rent the unit or make it their own. Unit has OSA and liquor license. Attached courtyard with direct access from commercial space. One car over-sized garage with additional off-street parking. Fermob patio furniture is reserved and not included in the sale. HOA is $536.00/building + 30.00/master, per month.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,046 SF
Building Class
B
Year Built
2014
Price
$515,000
Price Per SF
$169.07
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.81
Lot Size
0.09 AC
Zoning
OPD5
Somewhat walkable
20/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1004327061 | Improvements Assessment | $492,610 |
| Land Assessment | $67,120 | Total Assessment | $559,730 |
Property Taxes
Parcel Number
1004327061
Land Assessment
$67,120
Improvements Assessment
$492,610
Total Assessment
$559,730
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1010 Martin St
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