746 Coral Ridge Ave Coralville, IA 52241

This Coralville, Iowa shopping center presents a compelling investment opportunity. The 7,515 square foot, single-story building boasts 100% occupancy with two tenants: Midwest Mattress and Abelardo's Mexican Fresh. Built in 2018, the property is situated on Coral Ridge Ave in Johnson County, and features a net lease structure. The asking price for the building and parking is $2,475,000, reflecting a price per square foot of $329.34 and a strong 7.96% capitalization rate. The property's Net Operating Income (NOI) is $196,989. The property is zoned C-PUD 2. An additional 0.96 acres of excess land is available for purchase separately for $795,000 or as a package deal with the building for $3,095,000, offering significant potential for future development. This stabilized investment offers a rare opportunity to acquire a fully leased retail property in a desirable location with excellent growth potential. The property address is 746 Coral Ridge Ave, Coralville, IA 52241.