1303 5Th StCoralville, IA 52241

Property Details for 1303 5Th St

Year built

2010

Construction

STEEL FRAME

Lot size

0.18 AC

Property size (Sq ft)

7,725 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1006422002

APU

1006422002

Description

This 1,303 square foot retail space, built in 2010, is located at 1303 5th Street in Coralville, Iowa (zip code 52241). The property is zoned commercial and features a single-tenant occupancy. The entire space (1,303 sq ft) is currently vacant, presenting a unique opportunity for immediate occupancy. The building boasts a convenient location within the bustling 5th Street Plaza, ensuring high visibility and foot traffic. A daily traffic count of 6,800 vehicles passes by the property. The interior layout includes an open space, a kitchenette, a conference room, and an additional small office or storage area, offering flexibility for various business needs. Ample parking is available for customers and employees, with options in front of the building, in the rear, and in an underground lot. The property's APN is 1006422003. This turn-key space is ideal for a variety of retail or office uses. Its prime location and versatile layout make it an attractive investment opportunity in a thriving Coralville commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $3,038,134

  6.5%

  $2,804,432

  7%

  $2,604,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,517,647

  Geo Method

  $1,517,647

• Alternative Use

  Use

  Valuation

  Residential

  $2,365,643

  Hospitality

  $2,166,916

  Educational

  $1,802,849

  Medical

  $1,864,852

  Retail

  $2,804,432

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.6765

Longitude

-91.581

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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