Property profile

1000 Ave Newton, IA 50208

OFF-MARKET
Retail properties & Spaces
0.98 ac lot
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Property summary

AI-generated overview

This exceptional commercial property in Newton, Iowa, presents a rare opportunity for investors and business owners. Spanning 0.98 acres, the site boasts two substantial buildings, ideal for a variety of retail or commercial uses. The primary building, a 2860 square foot retail space, features three distinct showroom areas, perfect for showcasing merchandise or products. A dedicated stock room, a functional workroom, and a half-bath provide ample support space. A partial basement offers additional storage or expansion potential. The second building, measuring 1600 square feet, offers versatile space, currently configured with two sections suitable for storage or workshop applications. This building includes a convenient garage door and a durable cement floor, enhancing its practicality and functionality. The property's prime location on 1st Avenue E E in Newton ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving community. The combined square footage of both buildings provides significant space for a variety of business needs, offering flexibility and growth potential. This is a turn-key opportunity to acquire a well-positioned commercial property in a desirable location. The asking price is $199,000.

Property profile

Verified
Property type Retail properties & Spaces
Lot 0.98 ac (42,689 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1000 Ave Newton, IA 50208
Newton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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