941 San Marnan Dr Waterloo, IA 50702-5611

This exceptional 5,390-square-foot restaurant building, formerly a Red Lobster, presents a unique investment opportunity in Waterloo, IA. Situated on a highly visible 1.4-acre lot at 941 E San Marnan Dr, this Class B property boasts a prime location within a thriving commercial hub, enjoying exceptional visibility and accessibility from the high-traffic intersection of routes 20/23 (over 45,000 vehicles daily). The property features ample parking (50+ spaces) and 220-volt power, making it suitable for a variety of restaurant or commercial uses. Its strategic location places it near major retailers such as Walmart, Home Depot, Target, Olive Garden, and Longhorn Steakhouse, ensuring high foot traffic and brand recognition. Furthermore, its proximity to Mercy One Hospital and West High School provides a consistent customer base. The surrounding area demonstrates strong economic indicators, with an average household income exceeding $120,000 within a 5-mile radius, a population of over 75,000, and over 34,000 households. The property is zoned Commercial/Residential and offers significant potential for a savvy investor or business owner looking to establish a presence in a dynamic and growing market. Waterloo's position as the Black Hawk County seat, coupled with its robust economy and thriving entrepreneurial ecosystem, makes this a compelling investment opportunity. The city's advanced manufacturing and research & development sector, anchored by TechWorks Campus, further solidifies its long-term growth prospects.