Current Use by Public Records
- Specialty properties
Property Details for 1611 1St Ave
- Year built
- 1956
- Lot size
- 6.60 lot acres
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
This exceptional 19,440-square-foot event venue in Newton, IA, is situated on a 6.6-acre lot with convenient highway access. Built in 1956 and extensively renovated in 2018, this property boasts a 100% occupancy rate and includes a full bar and restaurant area, catering kitchen, floral shop with display cooler, and walk-in refrigerator. The venue features a top-of-the-line sound system and a beautiful outdoor ceremony space with 60-amp electrical service, making it ideal for weddings, concerts, proms, corporate events, and more. Ample parking is available with 60 spaces. The property is zoned C-A and includes a four-bedroom ranch home, currently leased month-to-month. New HVAC units were installed in 2017, and the roof received a new coating in 2021. The asking price is $990,000. Future events are already booked, ensuring a strong return on investment. This well-known venue presents a unique opportunity for a buyer to acquire a thriving business in a prime location. The property's address is 1611 1st Ave W, Newton, IA 50208. The parcel number is 08.33.152.001.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.0743
- Latitude
- 41.6987
