8905 6th Street SW #Land Lease, Cedar Rapids, IA 52404
MLS Number: 2210394 |
Subtype: Land/Lot/Farm | Area: SW Quadrant
$
150,000
Land lease opportunity. $150,000/year NNN. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a new on-ramp to I-380 and expansion of the roadway with additional lanes. Lease rate shall increase 3% annually. A member of the ownership entity is a licensed REALTOR in the state of Iowa.
Property
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County: Linn
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Lot Size: 4.47 Ac
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Acres: 4.4700
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Gross tax: $26,906.00
Utilities
Utilities: Electricity Available, Natural Gas Available
Water Source: City Water
Sewer: City Sewer
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