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2395 Jamestown Avenue, Independence, IA 50644

2395 Jamestown Avenue, Independence, IA 50644
2395 Jamestown Avenue, Independence, IA 50644
MLS ID #:
20193336

Property Address:
2395 Jamestown Avenue
Independence, IA 50644

County:
Buchanan

Region:
Outside the Metro Area

Miles to Highway:
20

Year Built:
1997

Property Type:
Commercial

Sub-Type:
Office/Industrial

Date Listed:
June 25th, 2019

Status:
Active

Price:
$975,000.00

Gross Taxes:
$18,974.00

Tax Year:
2018

Gross Op Income:
$87,000.00 Actual

Net Op Income:
$617,180.00 Actual

Gross Op Expense:
$25,282.00 Actual

Multi-Tenant:
Yes

Tenant Pays:
Internal Maintenance, Common Area, Common Area Maintenance, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer

Lease Type:
Net

Sale/Lease Type:
Normal Sale

Lease $/Month:
$7,250.00

Lease $/SqFt:
$35.00

For Sale:
Yes

Ivestment:
Yes

Zoning:
M2

Legal Desc:
09889 COM 79.2W SE Cor Sec W261 N300 E261 S300 To POB

Dock Doors:
3

Drive-In Doors:
1

Total Avail Sq Ft:
3,350 sq ft

Total Building Sq Ft:
33,500 sq ft

Warehouse SqFt:
7,300 sq ft

Office SqFt:
1,800 sq ft

Retail SqFt:
4,800 sq ft

Lot Sq Footage:
371,131

Acres:
8.5200

Common Area:
Yes

Remarks: Investment opportunity with reliable Cap rate of 6.3 with possibility for improvement. Plenty of room left on this 8.5 acre property to build additional buildings for lease or personal use. Many Updates including a new Rubber membrane on roof, HVAC and Plumbing with-in the last 3 years. 3 exterior Loading docks plus 1 drive in loading bay, 4 bathrooms, 2 offices, break room, reception area, conference room, drive in loading dock, High Voltage electric hook-ups. The interior has many updates throughout. Major addition was built in 1997.
Realtor/Equal Housing Lender Listing provided courtesy of Keller Williams Legacy Group-Manchester.
Listing Agent: Teresa Turnis
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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  • 2395 Jamestown Avenue, Independence, IA 50644
  • 2395 Jamestown Avenue, Independence, IA 50644

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