1 Parsons DrHiawatha, IA 52233

For Sale
$7,950,000

73,674 SF Office Building, Vacant, $108/SF

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 73,674 square foot Class B office building, located at 1 Parsons Drive in Hiawatha, IA (a northern suburb of Cedar Rapids), presents a unique owner/user opportunity. The property, built in 1991 and extensively renovated in 2017, features four units across two stories within a single building situated on a 5.74-acre lot. The building boasts high-end amenities including a kitchenette (speakeasy bar), training rooms, a fitness facility, entertainment areas, and a full-service cafeteria. With ample parking (400+ spaces) and convenient access to I-380, this property is ideally suited for a variety of office uses, including executive, medical, and traditional office spaces. The asking price is $7,950,000, translating to $107.91 per square foot. The property is currently vacant and zoned for commercial use. The Net Net Net (NNN) lease structure offers flexibility for the new owner. The property's features and location make it an attractive investment opportunity. The Linn County location and 52233 zip code provide easy access to a strong workforce and regional amenities.

Highlights

  • 73,674 SF Class B office building in Hiawatha, IA (Cedar Rapids suburb).
  • 1991 construction, extensively renovated in 2017.
  • Four units across two stories on a 5.74-acre lot.
  • High-end amenities including a kitchenette, training rooms, fitness center, and cafeteria.
  • 400+ parking spaces and I-380 access.
  • $7,950,000 asking price ($107.91/SF).

Property Details for 1 Parsons Dr

Property type
Other office properties, Medical offices
Square Feet
73,674 SF
Class
B
Year Built/Renovated
1991/2017
Buildings
1
Stories
2
Lot Size (sq. ft)
250,034 SF
Units
4

Location Insight

City
Hiawatha
County
Linn
State
Iowa
Latitude
42.0409218
Longitude
-91.6743399
1 Parsons Dr, Hiawatha, Iowa

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