3939 1st SE Ave Cedar Rapids, IA 52402-5604

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.