520 Pierce Ave Mason City, IA 50401-2749

Property Details for 520 Pierce Ave

Lot size

0.30 lot acres

Property type

Commercial real estate

APN

70842601600

APU

70842601600

Description

This exceptional value-add investment opportunity presents a 26,015 square foot, two-story office building situated on a 0.94-acre lot at 520 S Pierce Ave, Mason City, IA 50401. The property, built in 1973, is currently undergoing a revitalization phase following the departure of a long-term tenant. This presents a unique chance for an investor to capitalize on the existing infrastructure and strong tenant base. The building features a multi-tenant occupancy with thirteen current tenants, many of whom have established long-term leases. The property is zoned Z4 and offers significant potential for a new user to occupy approximately 5,000 square feet, creating a substantial investment property. The building itself is exceptionally well-maintained, reflecting a commitment to quality and longevity. This is a prime opportunity to acquire a strategically located office building in Mason City, Iowa, south of MercyOne, with the potential for significant returns on investment. The asking price for this traditional office building is $1,100,000. The lease type is modified, offering flexibility for the new owner. This is a rare chance to acquire a well-positioned asset in a growing market.