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118 N Federal Ave

2,684 SF Retail Building Mason City, IA 50401 $129,000 ($48/SF)

Restaurants Iowa Mason City 118 N Federal Ave, Mason City, IA 50401

Investment Highlights

  • The Central Business District has seen an influx of hundreds of new apartment buildings.
  • Perfect location for a restaurant and rehab and develop residential on the second floor and potential to add a third floor.
  • One storefront away from City Hall. City Hall is directly across Central Park from the World Famous Frank Loyd Wright Hotel.
  • City parking lot out the back door the the property.

Executive Summary

One storefront away from City Hall. City Hall is directly across Central Park from the World Famous Frank Loyd Wright Hotel. One of the
few remaining Wright designed hotels. The Central Business District has seen an influx of hundreds of new apartment buildings. Perfect location for a restaurant and rehab and develop residential on the second floor and potential to add a third floor. See attached conceptual plan. City parking lot out the back door the the property.

Attachments

118 N FEDERAL Conceptual Restauarant and Living Units Above

Data Room Click Here to Access

  • Miscellaneous

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,684 SF
Building Class
C
Year Built
1890
Price
$129,000
Price Per SF
$48
Tenancy
Single
Building Height
2 Stories
Building FAR
1.23
Land Acres
0.05 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Z5 - Central Business District
Parking
4 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
65 FT on North Federal Avenue

Amenities

  • Restaurant
1 of 1
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 07-09-235-00-600 Improvements Assessment $69,380
Land Assessment $13,590 Total Assessment $82,970

PROPERTY TAXES

Parcel Number
07-09-235-00-600
Land Assessment
$13,590
Improvements Assessment
$69,380
Total Assessment
$82,970
  • Philip Chodur
    Philip Chodur
  • G8 Desing & Development Inc.
(619) 823-3402

  • Listing ID: 32344727

  • Date on Market: 7/4/2024

  • Last Updated:

  • Address: 118 N Federal Ave, Mason City, IA 50401

More public record information on 118 N Federal Ave, Mason City, IA 50401

The Retail Property at 118 N Federal Ave, Mason City, IA 50401 is currently available For Sale. Contact G8 Desing & Development Inc. for more information.

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118 N Federal Ave
(619) 823-3402 x

118 N Federal Ave

Philip Chodur

(619) 823-3402

(619) 823-3402

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