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420 12th Ave SE 2,850 - 5,000 SF Condo Units Offered at $550,000 - $807,500 Per Unit in Cedar Rapids, IA 52401
INVESTMENT HIGHLIGHTS
- Modern finishes
- Located in established retail area
EXECUTIVE SUMMARY
Mixed-use condo building located in the NewBo District directly behind the NewBo City Market and adjacent to The Depot.
PROPERTY FACTS
| Total Building Size | 19,233 SF | Typical Floor Size | 3,847 SF |
| Property Type | Office | Year Built | 2016 |
| Property Subtype | Office/Residential | Lot Size | 4.37 AC |
| Building Class | B | Opportunity Zone |
Yes
|
| Floors | 5 | ||
| Zoning | UNG - Urban neighborhood general | ||
| Total Building Size | 19,233 SF |
| Property Type | Office |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 3,847 SF |
| Year Built | 2016 |
| Lot Size | 4.37 AC |
| Opportunity Zone |
Yes |
| Zoning | UNG - Urban neighborhood general |
AMENITIES
- Security System
- Signage
- Kitchen
- Storage Space
- High Ceilings
- Air Conditioning
2 UNITS AVAILABLE
Unit 100
| Unit Size | 2,850 SF | Condo Use | Office/Retail |
| Price | $550,000 | Sale Type | Investment |
| Price Per SF | $192.98 |
| Unit Size | 2,850 SF |
| Price | $550,000 |
| Price Per SF | $192.98 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
DESCRIPTION
Fully built out office/retail condo.
SALE NOTES
For Sale or Lease! This versatile space that reflects a modern and industrial atmosphere is perfect for retail, health providers or office users seeking a vibrant and attractive workspace in the heart of the lively NewBo neighborhood. Highlights include two entrances, security cameras, welcoming vestibule, restroom, kitchenette, large windows with UV tint, overhead sprinklers, fiber internet, two independent HVAC systems, an 8ft. overhead door and ample parking. This space is currently leased and possession is negotiable. TIF schedule of 7 years remaining at 95% will transfer to buyer. Floor 2 is also for sale and lease. An NDA is required to access financials. For showing instructions and other inquiries, please contact the listing agent.
+5 More
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Unit 200
| Unit Size | 5,000 SF | Condo Use | Retail |
| Price | $807,500 | Sale Type | Owner User |
| Price Per SF | $161.50 |
| Unit Size | 5,000 SF |
| Price | $807,500 |
| Price Per SF | $161.50 |
| Condo Use | Retail |
| Sale Type | Owner User |
DESCRIPTION
Fully built out salon condo.
SALE NOTES
This fully-built-out salon on the second floor offers a premium setup for salon professionals. Features include: large windows, waiting/reception area, 12 stylist stations, 4 shampoo bowls, breakroom with laundry hookups, color mixing bar, 13 built-in lockers for storage, three rooms, two pedicure chairs and 7 additional salon suites down the hall providing extra rental income. Other amenities include an elevator and stair access, large vestibule with seating, mail station, sprinkler system, monitored fire alarms, security cameras and ample
parking. The TIF Schedule has 7 years remaining at 95% which will transfer to the new owner.
+7 More
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420 12th Ave SE
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