Anytime Fitness Investment Opportunity

501 7th Avenue, Marion, IA 52302

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For Sale

$924,900

Profitable investment with long-term tenant and recent renovations.

Type:Commercial/Industrial

Property size:

5,000 SF

Price / SF:

$184/SF

HighLights

Established Anytime Fitness franchisee with recent $50,000 interior refresh.
Tenant pays property taxes.
New roof (2020) and parking lot (2022).
Full interior/exterior renovation and addition in 2017 including new HVAC.
3.5 years remaining on lease with rate bumps.
Highly visible location with strong traffic count.

We can help!

Listing Contact

Tim Nash

Learn more

For Sale

$924,900

Profitable investment with long-term tenant and recent renovations.

Type:Commercial/Industrial

Property size:

5,000 SF

Price / SF:

$184/SF

Added:: Dec 3, 2024
Days on Market:: 560
Last Refresh:: May 20 at 2:16 am

Property Features for 501 7th Avenue

General Information

Standard status: Active
Size: 5,000 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1999

We can help!

Listing Contact

Tim Nash

Listing agent Tim Nash

Listing office SKOGMAN REALTY

Listing date Dec 3, 2024

Source Exitrealty

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All listing content including descriptions, pricing, images are the copyrighted material of SKOGMAN REALTY

HighLights

Established Anytime Fitness franchisee with recent $50,000 interior refresh.
Tenant pays property taxes.
New roof (2020) and parking lot (2022).
Full interior/exterior renovation and addition in 2017 including new HVAC.
3.5 years remaining on lease with rate bumps.
Highly visible location with strong traffic count.

Overview

This property presents an investment opportunity with a regional Anytime Fitness franchisee. The tenant recently completed a $50,000 interior refresh. The lease has 3.5 years remaining on a 6-year term, with scheduled rate increases. The tenant is responsible for property taxes, while the landlord covers maintenance and building insurance. The 5,000 square foot building is in good condition, with recent improvements including a full interior and exterior renovation and addition in 2017, which included new HVAC. A new roof was installed in 2020, and the parking lot asphalt was replaced in 2022. The property benefits from a highly visible location with a strong traffic count.

Location Intelligence

Current Use by Public Records

Fitness centers & gyms

Suggested Use

Similar Places Nearby

Select Physical Therapy - MAC North — 4700 Tama St SE SUITE 700, Cedar Rapids, IA 52403
Marion Independent Fitness Center (YMCA) — 675 S 15th St, Marion, IA 52302
Marion Stadium — Marion, IA 52302
The M.A.C. Xtreme — 4700 Tama St SE, Cedar Rapids, IA 52403
Studio 200 Yoga — Cedar Rapids, IA 52403

Location Insight

Map
Local Demand

City: Marion
County: Linn
State: Iowa
Longitude: -91.6048
Latitude: 42.033

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For sale
Fitness centers & gyms
IA
Marion
52302
501 7th Avenue

What type of property is this?

Fitness center & gym - Profitable investment with long-term tenant and recent renovations.

Where is this fitness center & gym located?

The property is located at 501 7th Avenue Marion, IA.

What is the asking price?

The asking price for this property is $924,900.

What are key features of this property?

This property features: Established Anytime Fitness franchisee with recent $50,000 interior refresh.; Tenant pays property taxes.; New roof (2020) and parking lot (2022).