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112 2Nd Ave Newton, IA 50208

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For Sale
$799,000

Turnkey property with 16+ suites & living space

Property size:
6,204 SF

Property Features for 112 2Nd Ave

General Information

Property type
Other commercial real estate
Square Feet
6,204 SF
Lot Size
4,356 SF

Building Details

Year Built
1875

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Listing Contact
Janet Reents

Listing Agency: Realty ONE Group Impact Listing Agent: Janet Reents

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional commercial property in Newton, Iowa, presents a unique investment opportunity. Located in a prime downtown location at 112 N 2nd Avenue W, this turnkey operation offers over 6,204 square feet on a 0.1-acre lot. The building features sixteen beautifully appointed rental suites spread across two floors, providing a consistent income stream. Each suite is designed for maximum comfort and functionality, catering to a diverse range of tenants. Adding to its appeal is a luxurious, private 2-bedroom living space situated on the third floor. This expansive residence boasts a stunning soak tub, a spacious living room perfect for relaxation, a formal dining area ideal for entertaining, and a fully equipped kitchen with built-in appliances. The combination of income-generating rental suites and a high-end residential space creates a versatile and attractive investment. The property benefits from an established trademark brand, further enhancing its value and marketability. This is a rare opportunity to acquire a well-established, high-performing commercial property in a desirable downtown location. The asking price is $799,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newton
County
Jasper
State
Iowa
Longitude
-93.05413
Latitude
41.70074

FAQs

What type of property is this?
Commercial real estate - Turnkey property with 16+ suites & living space
Where is this commercial real estate located?
The property is located at 112 2Nd Ave Newton, IA.
What is the asking price?
The asking price for this property is $799,000.
More about this property
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