For Sale
$995,000

3939 1St Ave Cedar Rapids, IA 52401

Turnkey restaurant, redevelopment potential. High visibility location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Highlights

  • Turnkey restaurant available, or ideal for redevelopment.
  • High visibility location with nearly 20,000 vehicles daily (IDOT data).
  • Situated on a highly visible, signalized corner lot.

Property Details for 3939 1St Ave

Property type
Retail properties, Restaurants
Square Feet
7,329 SF
Year Built
1984
Buildings
1
Stories
1
Lot Size (sq. ft)
70,567 SF

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
42.019475980406
Longitude
-91.632303674811

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FAQs

What type of property is this?
Retail property - Turnkey restaurant, redevelopment potential. High visibility location.
Where is the retail property located?
The property is located at 3939 1St Ave Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey restaurant available, or ideal for redevelopment.; High visibility location with nearly 20,000 vehicles daily (IDOT data).; Situated on a highly visible, signalized corner lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Erica Seelman
Erica Seelman
Jenn Sexton
Visit Broker Website

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1St Ave
Cedar Rapids, IA 52401

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1St Ave
Cedar Rapids, IA 52401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3939 1St Ave
  • Erica Seelman
    Erica Seelman
  • Jenn Sexton
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