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2520 Melrose Dr

Cedar Falls, IA 50613

$1,250,000

General Retail For Sale  •  10,900 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 10,900 Sq Ft
  • Lot Size 1.03 ac
  • Building Class B
  • Year Built 1967
  • Cap Rate 5.00 %
  • Tenancy Multiple
  • Zoning C-2
25 Transit Score
75 Walk Score

Description

Excellent strip shopping location for retail or office use with high visibility from newly-reconstructed University Ave., Cedar Falls. This site plan offer much more parking than other centers and offers choice of bay sizes from 1,000 sq. ft. with "white box" NNN pricing from $14.00. Entire site is available for purchase, also. Call for details.

Financial Summary (Actual)

Net Operating Income: $62,500 (2017)
Cap Rate: 5.00 %
Stephen Knapp 319-232-7039 Lockard Integrated Real Estate Solutions
Stephen Knapp 319-232-7039 Lockard Integrated Real Estate Solutions