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Shell Gas Station 2824 1st Ave NE 1,425 SF Retail Building Cedar Rapids, IA 52402 $1,150,000 ($807.02/SF)
Investment Highlights
- Gas Station Business & Real Estate For Sale in the Cedar Rapids MSA
- Car Wash Operational But Currently Not in Use
- Highly Visible Hard-Corner Location Along 1st Ave NE and 29th St Ave - Accessible by a Combined ±25,600 Cars per Day
- ±151,105 Residents Within a Five-Mile Radius
- Excellent Location ±5 From Lindale Mall, Mount Mercy University, Elmrest Country Club, Downtown Cedar Rapids, and Other Points of Interest
- Easily Accessible on 1st Ave NE, Providing Direct Route to Downtown Cedar Rapids
Executive Summary
Marcus and Millichap is pleased to present for sale a Shell Gas Station located in the Cedar Rapids metropolitan area.
Accessible by nearly 25,600 cars per day along 1st Ave NE and 29th St, the subject property is conveniently located along a major thoroughfare, providing a direct route into downtown Cedar Rapids. Cedar Rapids is the second-largest metropolitan area in the state, and there are approximately 151,105 residents within a five-mile radius of the property. The subject property is located a short four-minute drive from Mount Mercy University, home to over 1,400 students. Also located in close proximity to the subject property are Lindale Mall, Clark Field Stadium, Mercy Medical Center, and Coe College.
Accessible by nearly 25,600 cars per day along 1st Ave NE and 29th St, the subject property is conveniently located along a major thoroughfare, providing a direct route into downtown Cedar Rapids. Cedar Rapids is the second-largest metropolitan area in the state, and there are approximately 151,105 residents within a five-mile radius of the property. The subject property is located a short four-minute drive from Mount Mercy University, home to over 1,400 students. Also located in close proximity to the subject property are Lindale Mall, Clark Field Stadium, Mercy Medical Center, and Coe College.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,425 SF
Building Class
C
Year Built
1983
Price
$1,150,000
Price Per SF
$807.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.50 AC
Zoning
C-2
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14142-27001-00000 | Improvements Assessment | $493,500 |
| Land Assessment | $199,000 | Total Assessment | $692,500 |
Property Taxes
Parcel Number
14142-27001-00000
Land Assessment
$199,000
Improvements Assessment
$493,500
Total Assessment
$692,500
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Shell Gas Station | 2824 1st Ave NE