Turnkey Restaurant &
104 N Center Ave Epworth, IA 52045
New
104 N Center Ave, Epworth, IA, 52045
$759,000
For Sale
$759,000
Renovated pizza restaurant and bar with updated electrical, plumbing, restrooms, and modernized bar plus front porch and back patio.
Property Size4,619 SF
Price / SF$164.32
Days on Market3
Property Features for 104 N Center Ave
General Information
- Standard status
- Active
- Size
- 4,619 SF
Building Details
- Year Built
- 1900
Listing agency
EXIT Unlimited
(563) 451-2346
Listed by
Cody Burger
Source
Kwlegacyrealty
Added: Jul 19 Updated: Jul 21 at 4:32AM Checked: Jul 21 at 4:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT Unlimited
Investment Insights
Based on property information with market context.
This turnkey pizza parlor and bar has been beautifully renovated in 2021. Improvements include new electrical, plumbing, flooring, walls, restrooms, and a modernized bar, creating an updated interior designed for day-to-day restaurant operations.
The property includes an inviting covered porch at the front and a stamped concrete patio in the back, providing indoor-outdoor space for casual dining and events. The business is offered for sale as a ready-to-operate restaurant and bar opportunity.
The improvements described are focused on key building systems and guest-facing areas, including the restrooms and bar, with overall updates completed as part of the 2021 renovation.
The property includes an inviting covered porch at the front and a stamped concrete patio in the back, providing indoor-outdoor space for casual dining and events. The business is offered for sale as a ready-to-operate restaurant and bar opportunity.
The improvements described are focused on key building systems and guest-facing areas, including the restrooms and bar, with overall updates completed as part of the 2021 renovation.
Key Highlights
- Renovated pizza parlor and bar, updated in 2021
- Renovations include new electrical, plumbing, flooring, and walls
- Restrooms updated as part of the 2021 renovations
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.6k | $18.96 |
| − Vacancy | −$3.7k | −$0.80 |
| EGI | $83.9k | $18.16 |
| − OpEx | −$21.0k | −$4.54 |
| NOI | $62.9k | $13.62 |
4,619 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$898.9K
$786.6K – $1.05M
NOI $62,924 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Renovated pizza restaurant and bar with updated electrical, plumbing, restrooms, and modernized bar plus front porch and back patio.
Where is this conventional restaurant located?
The property is located at 104 N Center Ave Epworth, IA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Renovated pizza parlor and bar, updated in 2021; Renovations include new electrical, plumbing, flooring, and walls; Restrooms updated as part of the 2021 renovations
