1838 Central Ave
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1838 Central Ave
5,584 SF 100% Leased Retail Building Dubuque, IA 52001 $394,000 ($71/SF) 9.59% Cap Rate
Investment Highlights
- Completely renovated in 2018 to include utility lines in the street
- Ongoing strong demand for residential space in the neighborhood
- Fully-leased commercial and residential
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,584 SF
Building Class
C
Year Built/Renovated
1900/2019
Price
$394,000
Price Per SF
$71
Cap Rate
9.59%
NOI
$37,795
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.14
Land Acres
0.06 AC
Opportunity Zone
Yes
Zoning
C4 Downtown Commercial
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
Parcel Number | 10-24-256-005 | Improvements Assessment | $52,000 |
Land Assessment | $18,700 | Total Assessment | $70,700 |
PROPERTY TAXES
Parcel Number
10-24-256-005
Land Assessment
$18,700
Improvements Assessment
$52,000
Total Assessment
$70,700
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1838 Central Ave
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