2740 1st Avenue NE Cedar Rapids IA 52402
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2740 1st Avenue NE Cedar Rapids IA 52402
2740 1st Ave NE presents a stable, 100% occupied medical office investment in the heart of Cedar Rapids. The 15,003 SF building is positioned on a 0.705-acre parcel with ample on-site parking and excellent visibility along a main commercial corridor. The property delivers consistent income backed by established healthcare tenants, generating an NOI of $146,828.76 and offered at a 6.75% CAP rate. With its central 1st Avenue location, strong tenant profile, and flexible zoning, the asset offers investors both dependable cash flow and long-term value potential.
MLS#
2507562
Price
$2,175,000
Status
Active
Property Type
Commercial Sale
Property Subtype
Investment
Property Features
Lot Size:
0.705 Acres
Taxes
$25,970
Property Descriptions
Parcel#
141422700900000
Utilities
Electricity Available, Natural Gas Available
Lot Dimensions:
0.705 Acres
Total Building Square Footage:
9,800 /SF
Sewer
Public Sewer
Water
Public
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