632 Sycamore Street, Waterloo, IA 50703

$350,000

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List Price
$350,000
Price Change
▼ $125,000 1784851089
MLS#
20251283
Status
ACTIVE
Type
Commercial
Subtype
Commercial Sale
Year Built
1903
Acres
0.18
County
Black Hawk
City
Waterloo

Property Description

Welcome to the Gasser Building! Offering a unique blend of commercial and residential opportunities. This 9,344 SF building sits on .18 acres in the heart of downtown Waterloo. The building features (3) commercial units and (3) residential units. The commercial suites are roughly (+/-) 1,500 SF featuring historical touches throughout. One unit is currently leased and two units are ready to be white-boxed and re-leased. The three residential units include a mix of floorplans: Two units with (2) bedrooms and (2) bathrooms, and one unit with (2) bedrooms and (1) bathroom. Each unit features a beautiful historic fireplace, an in-unit washer and dryer, and original hardwood flooring throughout. The building’s central location provides easy access to local amenities, making it an ideal spot for tenants seeking visibility, foot traffic, and proximity to a surplus of retailers and restaurants. The property is located in the Downtown TIF district and opportunity zone with incentives available. With its rich history and modern upgrades, the Gasser Building presents a rare opportunity for a viable restoration project for the commercial units, and cash-flow on the residential units.

Additional Information

Unexempt Taxes
$6,286
Lot Size
7,800

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Calculator source: Real Geeks

Listing courtesy of AWRE - Commercial & Development.