REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 135,000
Est. payment | /mo
1.65 Acres Lot
$ 135,000
Est. payment | /mo
1.65 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202306438
HOA Y/N No
Annual Tax Amount $25,762
Tax Year 2023
Lot Size 1.650 Acres
Acres 1.65
Property Sub-Type Commercial
Property Description
Land lease opportunity for 1.65 Acres of 4.46 Acre site. $135,000/year NNN with 2.5% annual escalations. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a new on-ramp to I-380 and expansion of the roadway with additional lanes. A member of the ownership entity is a licensed REALTOR in the state of Iowa.
Location
State IA
County Linn
Zoning Suburban MU Reg Ctr
Direction Located at the SE corner of 6th Street SW and Wright Brothers Blvd SW.
Rooms
Other Rooms None
Exterior
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, City Water
Present Use Platted
Topography Level
Building
Lot Size Range One To Two Acres,Two To Five Acres
Others
Tax ID 19282-26010-00000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by GLD Commercial Real Estate Advisors
NEARBY SCHOOL & BUSINESS