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USAIACedar Rapids2740 1St Ave Ne
2740 1 St Ave Ne, Home with 0 bedrooms, 0 bathrooms and null parking in Cedar Rapids IA | Image 1
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$2,175,000

2740 1 St Ave Ne, Cedar Rapids, IA

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Investment
Levels Commercial Sale
Size 9800 sqft
Garage No
Maintenance Fees 
Taxes $25,970
Days Active 2
Approx. Age 1968
Avg. Price Per Sqft $221
MLS® Number 2507562

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number2507562
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorSprinkler Irrigation
GarageNo
Approx. Age1968
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Gas
A/CCentral Air
Heating Fuel

Extras

Building, Land

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