You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants

708 1st Ave Coralville, IA 52241-2104

2,548 SF 1.64 ac lot Built 1971
Entity Owned Free & Clear
Property ID
US25-2384978
Property summary
AI-generated overview

This exceptional 1.64-acre commercial and residential land parcel presents a unique investment opportunity in the thriving Coralville/Iowa City market. Strategically located directly across from the Xtream Arena, a multi-functional arena utilized by the University of Iowa Hawkeyes, this property enjoys high visibility and accessibility. The site includes the existing Casa Azul Restaurant and land behind the Scooters Coffee location, offering potential for redevelopment or expansion. The property's proximity to the Iowa River Landing project further enhances its desirability. This offering is situated just north of and adjacent to 708 1st Ave, another available parcel (approximately 2 acres), presenting the possibility of acquiring a combined total of approximately 3.6 acres. Prospective buyers are responsible for conducting thorough due diligence regarding zoning, land use, utilities, and plot size. All aspects of the property should be independently verified before closing. The seller is motivated and open to working with serious, qualified buyers to facilitate a successful transaction. Bring all offers for consideration.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Construction FRAME
Total area 2,548 SF
Lot 1.64 ac (71,438 SF)
APN 1005154008
UPID US25-2384978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Akshaya 708 LLC
Akshaya 708 LLC
since 2026
2 recorded transactions
2026
$2.8M
2015
$831,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 708 1st Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message