3939 1St AveCedar Rapids, IA 52401

Property Details for 3939 1St Ave

Year built

1984

Lot size

1.62 AC

Property size (Sq ft)

7,329 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

14-11-2-04-007-0-0000

APU

141120400700000

Description

This exceptional 7,329 square foot restaurant building, located at 3939 1st Ave SE in Cedar Rapids, Iowa, presents a unique investment opportunity. Situated on a 1.62-acre lot, this single-story, 1984-built property boasts high visibility due to its location on a lighted intersection. Formerly occupied by Outback Steakhouse, the building is offered as a turnkey restaurant or presents significant redevelopment potential. The property benefits from abundant on-site parking and easy access, making it highly attractive to a variety of businesses. Its strategic location, just blocks from Lindale Mall and the Northeast retail hub, and approximately 8 minutes from downtown Cedar Rapids, ensures high traffic volume. The property's Suburban Mixed Use Community Center zoning (APN: 14112-04007-00000) offers flexibility for various uses. Iowa Department of Transportation data indicates nearly 20,000 vehicles pass this location daily. The asking price is $995,000. This property is an excellent opportunity for investors seeking a high-traffic, well-located commercial property in a thriving Cedar Rapids neighborhood. The zip code is 52401, and the property is in Linn County.

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

42.0189

Longitude

-91.6317

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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