2532 Crossroads Blvd Waterloo, IA 50702
This exceptional 6,714 square foot single-tenant retail space presents a unique redevelopment opportunity. Situated on a 2.5-acre lot (108,900 square feet) at the Crossroads Mall, this property boasts high visibility and convenient access. The existing structure, built in 1970, features a drive-thru canopy, a prominent pole sign, and extensive paved areas exceeding 65,000 square feet. Currently vacant, this property is zoned S-1 and offers significant potential for various retail uses, including executive, medical, or creative office spaces. The property's location next to Marcus Theatres ensures high foot traffic and strong brand recognition. The seller is willing to negotiate improvements for qualified lease terms, making this an attractive investment for developers or businesses seeking a prominent location. The property's APN is 881302426008, located in Black Hawk County. This is a rare chance to acquire a substantial retail site in a high-traffic area with significant redevelopment potential. The single-building property offers flexibility and control, allowing for customized development to meet specific business needs. The ample parking and existing infrastructure further enhance the property's appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.