Active
746 Coral Ridge Ave
Coralville IA, 52241
$2,475,000
Active
Commercial
Built in 2018
The property is located at the corner of Coral Ridge Avenue and Hwy 6, on the border of Coralville and Tiffin. It is adjacent to Coral Ridge Mall. This investment offering includes a fully leased single-story retail property with excess land for future development. The current tenants include Midwest Mattress & Abelardo's Mexican Fresh. Property is offered as a package or it can be subdivided and the leased building or excess lot can be purchased individually. Pricing on this listing represents a 7.96% cap rate on the current income, but does not include the vacant land south of Popeye's, which would be subdivided prior to closing.
202406748
MLSⓇ ID
December 16, 2024
Listed
December 23, 2024
Updated
Map
746 Coral Ridge Ave
Coralville IA, 52241
Interior Features
Floor Description
Concrete Slab Grade
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.91 Acres
Roof
Composition
Other Property Details
Taxes
$62,924
Tax Frequency
Annually
Garage
No
View
No
County
Johnson
Pool
No
Zoning
C-PUD2
Courtesy of Cushman & Wakefield Iowa Commercial Advisors, ,
Listing Contact: 319-213-4884
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Jill Armstrong Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Iowa City Area Association of REALTORS (ICAAR). All rights reserved.