746 Coral Ridge Ave Coralville, IA 52241
- Lifestyle centers
- 7,515 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 746 Coral Ridge Ave
- Year built
- 2018
- Property size
- 7,515 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coralville
- County
- Johnson
- State
- Iowa
- Longitude
- -91.6104
- Latitude
- 41.6885
