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    2274 Us Hwy 63 Oskaloosa, IA 52577

    Sponsored
    For Sale
    $550,000

    Established Restaurant, Fully Equipped

    Property size:
    8,436 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This turnkey restaurant opportunity in Oskaloosa, Iowa presents a unique chance to acquire a well-established business. Located at 2274 US Hwy 63, this Class B property boasts 8,436 square feet on a generous 2.77-acre lot, providing ample parking. The building, constructed in 1972 and zoned for commercial use, features three distinct areas: a formal dining room ideal for private events, an upscale bar/lounge, and a sizable 1100 square foot patio for outdoor dining. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $550,000, representing a compelling $65.20 per square foot. The property's strong financials are highlighted by a Net Operating Income (NOI) of $486,950 and an impressive 88.54% cap rate. Additional features include a walk-in cooler and freezer, a pool table, and games, making it ready for immediate operation. This landmark establishment has a history of hosting various events, from receptions and reunions to parties, and is poised for continued success under new ownership. The property is currently vacant.

    Property Features for 2274 Us Hwy 63

    General Information

    Property type
    Restaurants
    Square Feet
    8,436 SF
    Class
    B
    Lot Size
    120,661 SF

    Building Details

    Year Built
    1972

    HighLights

    • Turnkey restaurant operation.
    • FF&E included.
    • Features restaurant, bar, and patio seating.
    • Includes pool table and games.
    • Two separate dining areas.
    • Space for private events and banquets.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oskaloosa
    County
    Mahaska
    State
    Iowa
    Longitude
    -92.6432271
    Latitude
    41.3255008

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Fully Equipped
    Where is this restaurant located?
    The property is located at 2274 Us Hwy 63 Oskaloosa, IA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Turnkey restaurant operation.; FF&E included.; Features restaurant, bar, and patio seating.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2274 Us Hwy 63 Oskaloosa, IA 52577
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