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    401 West St New Virginia, IA 50210

    For Sale
    $129,900

    Iowa Retail Property - $129,900

    Property size:
    2,402 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2,402 square foot retail property, located at 401 West Street in New Virginia, Iowa (zip code 50210), presents a unique investment opportunity. The property, classified as both retail and land, is exceptionally clean and ready for immediate occupancy. All systems are up-to-date, including a newer furnace and a fuel monitoring system. The building is situated on Main Street in a well-maintained town and is ideally suited for a variety of uses, such as a convenience store, gas station, restaurant, or antique shop. Inventory items will remain with the sale, facilitating an easy transition for the new owner. The property includes double-sided underground fuel tanks, with all necessary tags current through 2023. The pumps are capable of 24-hour operation. While the station has been closed for over two years, its excellent condition and existing infrastructure make it an attractive proposition. A detailed list of included items is available upon request. This turnkey operation offers significant potential for a savvy investor seeking a profitable venture in a desirable location. The asking price is $129,900.

    Property Features for 401 West St

    General Information

    Property type
    Land
    Square Feet
    2,402 SF

    HighLights

    • 2,402 sq ft retail property at 401 West Street, New Virginia, IA 50210.
    • Clean, ready for immediate occupancy, with updated systems including a newer furnace and fuel monitoring system.
    • Located on Main Street in New Virginia, suitable for various uses (convenience store, gas station, restaurant, antique shop).
    • Includes inventory and double‑sided underground fuel tanks (tags current through 2023), 24‑hour pumps.
    • Turnkey operation, asking price $129,900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Gym & Fitness Department Store Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    New Virginia
    County
    Warren
    State
    Iowa
    Longitude
    -93.7304186
    Latitude
    41.1805334

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    FAQs

    What type of property is this?
    Land - Iowa Retail Property - $129,900
    Where is this land located?
    The property is located at 401 West St New Virginia, IA.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: 2,402 sq ft retail property at 401 West Street, New Virginia, IA 50210.; Clean, ready for immediate occupancy, with updated systems including a newer furnace and fuel monitoring system.; Located on Main Street in New Virginia, suitable for various uses (convenience store, gas station, restaurant, antique shop).
    Request Owner's contact information
    401 West St New Virginia, IA 50210
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    New Virginia, IA 50210
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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
    401 West St New Virginia, IA 50210
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