3111 Airline Hwy Waterloo, IA 50703
Invest in this exceptional opportunity to own two brand-new flex/warehouse units in Waterloo, Iowa. Located at 3111 W Airline Hwy, this 2024-built property offers a total of 4,768 square feet of versatile space, with each unit encompassing 2,384 square feet of net rentable area. The units feature 12' x 14' overhead doors with 20' side walls, providing ample access for various uses. Each unit includes a walk-in door adjacent to the overhead door, separate electric and water meters, a finished bathroom, and a concrete floor with a drain. Heating and cooling are provided by a PTAC unit in the front office area and gas radiant heat in the rear. The building boasts metal walls and ceilings, a firewall between units, and a 200-amp surface-mounted panel. Exterior features include asphalt parking/driveway (front to be completed Spring 2024, rear recycled asphalt until final unit completion). The property sits on a 58,283 square foot lot and is zoned M-1. Customize your space with optional mezzanine additions (20 ft walls), fans, and railings. This is an ideal owner-user investment, perfect for storage, small businesses, or personal use. An annual HOA fee covers lawn care, snow removal, and exterior insurance. The asking price is $270,000 per unit. Don't miss this chance to secure your own space in this prime Waterloo location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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