1700 Park AveMuscatine, IA 52761

Property Details for 1700 Park Ave

Year built

1969

Construction

FRAME

Lot size

2.28 AC

Property size (Sq ft)

25,925 SF

Zone code

C1-NEIGHBORHOOD-GENERAL

Property type

Retail properties

Property subtype

Strip malls

APN

825178002

APU

825178002

Description

This exceptional 7,330 square foot commercial property, located at 1700 Park Avenue in Muscatine, Iowa (zip code 52761), presents a unique investment opportunity. The property, zoned C-1, is situated in a high-traffic area within the popular Park Plaza strip center, offering excellent visibility and accessibility. Its location on Park Avenue (IA-38) provides easy access to US-61, ensuring high traffic volume. The single-tenant building boasts a strong co-tenancy mix, including established businesses such as Subway, Vision Center, K Nails, and Peking Restaurant. The property features a large parking lot, prominent pylon and building signage, and a convenient loading dock, enhancing its appeal and functionality. The interior offers a flexible open floor plan with a spacious storage/loading area, adaptable to various business needs. This prime location benefits from its proximity to major retailers, including Muscatine Mall, O'Reilly Auto Parts, McDonald's, KFC, and Jersey Mike's, ensuring high foot traffic and brand recognition. The landlord is open to considering subdivision of the space, offering flexibility for potential tenants. This property represents a rare opportunity to establish a business in a thriving commercial corridor. The property consists of one building with one suite and has a total of 7,330 square feet. The APN is 0825178002.

• CAP approach

  CAP return

  Valuation

  6%

  $10,195,939

  6.5%

  $9,411,636

  7%

  $8,739,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,093,205

  Geo Method

  $5,093,205

• Alternative Use

  Use

  Valuation

  Residential

  $7,939,066

  Hospitality

  $7,272,142

  Educational

  $6,050,337

  Medical

  $6,258,418

  Retail

  $9,411,636

Location Insight

City

Muscatine

County

Muscatine

State

Iowa

Latitude

41.4447

Longitude

-91.0312

CBSA code

34700

CBSA name

MUSCATINE, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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