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Description

Turnkey investment opportunity featuring a regional Anytime Fitness franchisee in a highly visible, high-traffic location. Recently completed a $50,000 interior refresh, demonstrating continued commitment to the space and long-term operation.

There are just under 2 years remaining on the current 6-year lease, which includes scheduled rental increases. Tenant is responsible for property taxes, while the landlord covers maintenance and building insurance.

The property has been well maintained with significant capital improvements, including a full interior and exterior renovation with an addition in 2017 (new HVAC installed at that time), a new roof in 2020, and new asphalt parking lot in 2022.

Strong tenant, solid improvements, and excellent visibility make this a compelling addition to any investment portfolio.

Listing ID #2408145

Commercial Sale

501 7th Avenue
Marion, Iowa 52302

$924,900
Square Feet5,000
Country : US
State : IA
County : Linn
City : Marion
Zipcode : 52302
StatusActive
Virtual Tour: View Tour
Listing Agent
Tim Nash
SKOGMAN REALTY
Mortgage Calculator
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Features
2408145
5,000 Sqft
Off Street
Frame
Yes
7th Ave (Hwy 151) in Marion to 501
Additional Details
Central Air
Central, Gas
Asphalt, Shingle
12-02-2024
Irregular

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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