Property profile

1110 1St Ave Newton, IA 50208

OFF-MARKET
Retail properties & Spaces
1,694 SF 2.06 ac lot Built 1972
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Property summary

AI-generated overview

This exceptional retail property, located at 1110 1st Avenue E in Newton, IA, offers 1,694 square feet of readily available space in a highly desirable location. Situated near the heart of Newton's population center, this property boasts excellent visibility and high traffic counts, ensuring maximum exposure for your business. The 2.06-acre lot provides ample space for potential expansion, with the possibility of adding approximately 5,600 square feet to the existing structure. The building is in move-in ready condition, eliminating the need for extensive renovations or repairs before occupancy. Its convenient access and prime location make it an ideal choice for a variety of retail businesses seeking a strong foothold in a thriving community. The asking price is $12 million. This is a rare opportunity to acquire a well-situated, established retail space with significant growth potential in a vibrant Iowa market. Don't miss out on this chance to secure a prime location for your business's success. Contact us today to schedule a showing.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1972
Total area 1,694 SF
Lot 2.06 ac (89,734 SF)

Cap rate & NOI

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

Location

1110 1St 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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