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.

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