1611 1St Ave Newton, IA 50208
- Commercial real estate
- 19,440 SF
- 6.60 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1611 1St Ave
- Year built
- 1956
- Lot size
- 6.60 lot acres
- Property size
- 19,440 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 1611 1st Avenue W in Newton, Iowa, presents a unique investment opportunity. Boasting nearly 19,440 square feet of versatile space, this established event venue comfortably accommodates up to 1,000 guests, making it the largest in the area. The property includes a state-of-the-art sound system, a fully equipped catering prep kitchen, a complete bar and restaurant area, and a dedicated floral shop, ensuring a seamless event experience. Two walk-in coolers provide ample storage, while a stunning outdoor ceremony area, complete with 60-amp electrical service, offers a picturesque setting. Situated on a spacious 6.6-acre lot with convenient highway access off Highway 6 and proximity to I-80, this location ensures easy accessibility for guests. Significant recent upgrades include new HVAC units installed in 2017 and a new roof coating in 2021, minimizing future maintenance concerns. Adding to its appeal, the property also features a four-bedroom ranch home, ideal for on-site management or owner occupancy. This turnkey operation is perfect for entrepreneurs seeking a thriving event venue business with significant growth potential. The property is priced at $899,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.0743
- Latitude
- 41.6983
