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Patrick's 1707 S Federal Ave 2,384 SF Retail Building Mason City, IA 50401 $175,000 ($73.41/SF)
EXECUTIVE SUMMARY
Former restaurant in highly visible location on South Federal Avenue in Mason City, IA. Owner is willing to lease at $10/SF NNN or sell. Needs just a little cleanup and the restaurant could be back and operable with 2224 SF of space with a nice basement for storage and an owner's office. Alley access for deliveries and plenty of parking with a 150 x 132 lot. Sold previously without the corner parcel, but that is now included. (2 parcels). Possible redevelopment site with good traffic on HWY 65.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,384 SF
Building Class
C
Year Built
1973
Price
$175,000
Price Per SF
$73.41
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Zoning
Z-4 - Retail.
Frontage
AMENITIES
- Corner Lot
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-15-153-00-200 | Improvements Assessment | $87,520 |
| Land Assessment | $51,480 | Total Assessment | $139,000 |
PROPERTY TAXES
Parcel Number
07-15-153-00-200
Land Assessment
$51,480
Improvements Assessment
$87,520
Total Assessment
$139,000
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Patrick's | 1707 S Federal Ave
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