1640 BroadwayCouncil Bluffs, IA 51501

Property Details for 1640 Broadway

Year built

2000

Lot size

0.24 AC

Property size (Sq ft)

1,242 SF

Zone code

C-2

Property type

Turn key restaurants

APN

7544 26 458 007

APU

754426458007

Description

This exceptional retail property, located at 1640 W Broadway Street in Council Bluffs, Iowa, presents a compelling investment opportunity. The 1,242 square foot building, constructed in 2007, sits on a 0.24-acre lot and is zoned Community Commercial (C-2), offering flexibility for a variety of retail uses. Currently offered at $997,000, this property boasts a strong 7.00% cap rate, making it an attractive addition to any investment portfolio. The property benefits from a 10-year absolute NNN lease, minimizing landlord responsibilities and providing consistent income. Its prominent location along Broadway Street ensures high visibility and accessibility, further enhanced by its close proximity to Thomas Jefferson High School, guaranteeing a steady stream of potential customers. The property's strong financials, coupled with its desirable location and long-term lease, make this an exceptional opportunity for investors seeking a stable and profitable retail investment in a thriving Iowa community. The zip code is 51501, and the property is situated in Pottawattamie County.

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2621

Longitude

-95.8688

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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