7
See all 7 photos
$135,000
Est. payment /mo
1.65 Acres Lot
Active
8905 6th ST SW #Land Lease Cedar Rapids, IA 52404
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Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2210394
HOA Y/N No
Annual Tax Amount $25,762
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
Area Sw Quadrant
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public
Building
Lot Description Level
Sewer Public Sewer
Water Public
Others
Tax ID 19282-26010-00000
Acceptable Financing Lease, Lease Option
Listing Terms Lease, Lease Option
Virtual Tour https://www.propertypanorama.com/instaview/cdr/2210394
Listed by GLD COMMERCIAL