3210 Center Point RdCedar Rapids, IA 52402

Property Details for 3210 Center Point Rd

Year built

1976

Lot size

0.80 AC

Property size (Sq ft)

10,010 SF

Property type

Office buildings

APN

14-09-4-26-012-0-0000

APU

140942601200000

Description

This exceptional mixed-use property, located at 3210 Center Point Rd NE in Cedar Rapids, Iowa, presents a compelling investment opportunity. The 10,010 square foot building, constructed in 1976, sits on a high-visibility corner lot at the intersection of Center Point Rd NE and 32nd St NE, just one block from I-380, ensuring excellent accessibility and exposure. The two-story building features a turn-key salon space and additional office space, making it ideal for an owner-occupant or redevelopment project. The property is zoned T-ML; Res and offers significant potential for various uses. The asking price is $1,095,000, translating to $109.39 per square foot. This property includes multiple parcels: 1409426012; 1409403013; 1409403014; 1409403015; 1409403016. Details on current leases are available upon request. This prime location and versatile space make this a truly unique opportunity in the Cedar Rapids market. Don't miss out on this chance to acquire a well-positioned mixed-use property with strong potential for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,647,756

  6.5%

  $1,521,006

  7%

  $1,412,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,910

  Geo Method

  $510,910

• Alternative Use

  Use

  Valuation

  Residential

  $1,886,047

  Hospitality

  $1,727,609

  Educational

  $1,437,350

  Medical

  $1,486,783

  Retail

  $2,235,878

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

42.0111

Longitude

-91.6631

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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