704-706 Central Ave., Fort Dodge, IA 50501
Description:
Here is your chance to own a piece of downtown Fort Dodge. This building is in the path of improvement with Fort Dodges new master plan to revitalize the downtown area. This is a nice cashflow opportunity. Building is fully leased with long term tenants. Upstairs has 5 year lease starting January 2024. First 2 years at $1,750/month and next 3 years at $1,950/month. Two tenants on main floor, both in the salon/spa business. One tenant pays $1,000/month ending 3/31/25. Other tenant just started 2 year lease at $2,000/month. Also plans to lease basement area for $600/month. Tenants responsible for electricity and gas. Owner pays water, some electricity, taxes, and insurance. New roof 2020.
Fort Dodge Board of REALTORS Listing Number: 24801
704-706 Central Ave., Fort Dodge, IA 50501
5969 Sq.ft · 0.1500 Acres
$365,000
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- 704-706 Central Ave.
- 5969 Sq.ft.
- 0.1500 Acres
- $365,000
