1000 Ave Newton, IA 50208
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.