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Value-Add Office Building Opportunity

5250 North Park Place Ne, Cedar Rapids, IA 52402

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For Sale

$1,295,000

Four office buildings on 3.8 acres, value-add potential.

Property size:

53,722 SF

Lot size:

3.80 Acres

Price / SF:

$24/SF

HighLights

Significantly under assessed value, presenting a value‑added opportunity.
Potential to increase occupancy and revenue through upgrades and management.
Four well‑located office buildings on 3.8 acres.
Easy access to Lindale area businesses.
Large 53,722 SF property at a low $33.41/SF.
Excellent parking with easy access to Collins Rd and Blairsferry Rd.

We can help!

Listing Contact

Michael Shaffer

For Sale

$1,295,000

Four office buildings on 3.8 acres, value-add potential.

Property size:

53,722 SF

Lot size:

3.80 Acres

Price / SF:

$24/SF

Added:: Nov 12, 2024
Days on Market:: 581
Last Refresh:: Jan 20 at 8:44 am

Property Features for 5250 North Park Place Ne

General Information

Standard status: Active
Size: 53,722 SF
Lot size: 3.80 Acres

We can help!

Listing Contact

Michael Shaffer

Listing agent Michael Shaffer

Listing office SKOGMAN REALTY COMMERCIAL

Listing date Nov 12, 2024

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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

HighLights

Significantly under assessed value, presenting a value‑added opportunity.
Potential to increase occupancy and revenue through upgrades and management.
Four well‑located office buildings on 3.8 acres.
Easy access to Lindale area businesses.
Large 53,722 SF property at a low $33.41/SF.
Excellent parking with easy access to Collins Rd and Blairsferry Rd.

Overview

This property presents a value-added opportunity with potential for increased occupancy and revenue through upgrades and hands-on management. It consists of four well-located office buildings situated on 3.8 acres. The location is just north of Hobby Lobby, providing convenient access to businesses in the Lindale area. The total area of the buildings is 53,722 square feet. Many units can be improved with paint and carpet. The property features ample parking and easy access to Collins Road and Blairsferry Road.

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Local Demand

City: Cedar Rapids
County: Linn
State: Iowa
Longitude: -91.6298
Latitude: 42.0306

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For sale
Office buildings
IA
Cedar Rapids
52402
5250 North Park Place Ne

What type of property is this?

Office building - Four office buildings on 3.8 acres, value-add potential.

Where is this office building located?

The property is located at 5250 North Park Place Ne Cedar Rapids, IA.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Significantly under assessed value, presenting a value‑added opportunity.; Potential to increase occupancy and revenue through upgrades and management.; Four well‑located office buildings on 3.8 acres.