3810 University AveWaterloo, IA 50701

This exceptional 106,200 square foot retail property, formerly a K-Mart, is available for $4,500,000. Located at 3810 University Ave, Waterloo, IA 50701, this vacant space presents a significant redevelopment opportunity. Situated on a fully reconstructed University Avenue, the property boasts high visibility and easy access, complemented by a large parking area. The C-2 zoning permits a variety of uses, including grocery stores, pharmacies, and restaurants, aligning with its previous commercial history. The 11.11-acre lot comprises three parcels, including the main building and an additional structure at the corner of University Avenue and Prospect Street. This prime location in Black Hawk County offers substantial potential for investors seeking a high-impact retail investment. The asking price of $4,500,000 translates to $42.37 per square foot. The property is offered on a NNN lease basis. This substantial property offers a unique chance to capitalize on a high-traffic location and create a thriving commercial venture. The expansive space and strategic location make it an ideal candidate for a variety of retail concepts. Don't miss this chance to acquire a significant retail asset in a rapidly developing area.