420 12th Avenue SE Cedar Rapids, IA 52401 • Commercial - Office • Active $2,075,000

Description

STUDS IN-REAL ESTATE WITH A 95% TIF FOR SALE Depot Building B Commercial Space floors 1-3 located in the NewBo Arts & Entertainment District. Unique opportunity with excellent walkability, incredible corner visibility, signage, monument and oversized commercial windows. Floor 1 offers a flex space with warehouse opportunity and an 8' commercial insulated door. Floors 1-3 build out plans available. Individual or multi-tenant building with 2 entrances- one South facing 12th Avenue (16,800+ cars / day, Source AADT) and another in the parking lot adjacent to the Newbo Market. Each floor individually owned and parceled, floor 1- 3,680 Sq Ft, floor 2- 5,000 Sq Ft, floor 3- 5,000 Sq Ft). Secure access, inviting vestibule with sitting area, elevator access- Ambulatory, mail station, industrial modern design, large display, and scenic windows with energy efficient UV film. The building offers exposed duct work, emergency lighting, overhead sprinklers, monitored fire alarms and extinguishers, Fiber internet, and security cameras. Convenient and up to date codes with ADA Compliance, 2 emergency stairwells, 4'6' common hallway, drinking fountain, mop sink, kitchenette, and break room. Construction plans available with CAD access, concrete walls and flooring, gypcrete between floors 2 and 3 wood framing, and multi zoned HVAC systems and water heaters. Parking option at the front and back of the building. Immediate possession. Pass through expense includes the HOA fee to the Depot and Salon Flats. Monthly HOA fee available.

Property Highlights