Property summary
This exceptional 6,084-square-foot freestanding office building presents a unique investment opportunity in Waterloo, Iowa. Located on a 0.38-acre lot at 305 E San Marnan Drive, the property enjoys high visibility due to its prominent position and an average daily traffic count of 18,800 vehicles. Previously utilized as a medical office, the building features a well-designed layout including a large waiting/reception area, numerous exam rooms, and several private offices, making it ideal for a variety of professional uses. The convenient location offers easy access to Highway 20, ensuring excellent accessibility for clients and employees. Ample parking is provided with 17 available stalls. A key advantage is the presence of separate entrances to the lower level, allowing for owner-occupancy and the potential for additional rental income from a tenant. This versatile property offers a blend of functionality, visibility, and income potential, making it an attractive proposition for discerning investors or businesses seeking a well-established space in a thriving location. The asking price is $597,500.
Property profile
VerifiedCap rate & NOI
Current use
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Pediatrician Physician
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Hardware & Home Improvement Production Facility
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Hardware & Home Improvement Interior Design
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Physician
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Hardware & Home Improvement Interior Design
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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