905 Washington StBloomfield, IA 52537

Property Details for 905 Washington St

Year built

1978

Lot size

4.18 AC

Property size (Sq ft)

4,780 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1002180

APU

1002180

Description

This exceptional turnkey opportunity presents a thriving, well-established restaurant located at 905 S Washington Street in Bloomfield, Iowa. The property boasts a prime location and a strong reputation built on consistent quality food and service, attracting a loyal customer base. The restaurant itself comfortably seats 90 patrons, offering a diverse menu designed to appeal to a wide range of tastes. The fully equipped kitchen is ready for immediate operation, requiring no significant upgrades or renovations. A significant advantage is the inclusion of a spacious banquet room, capable of accommodating up to 140 people. This versatile space is ideal for hosting a variety of events, from corporate meetings and business functions to family gatherings and private parties, significantly expanding revenue potential. The asking price for this established and successful restaurant is $549,000. This represents a rare chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The property is offered as a general commercial listing and sits on a lot with zero acres. The square footage of the building is not specified. This is an exceptional opportunity for a seasoned restaurateur or an ambitious entrepreneur seeking a proven business model.

• CAP approach

  CAP return

  Valuation

  6%

  $1,439,713

  6.5%

  $1,328,966

  7%

  $1,234,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $939,075

  Geo Method

  $939,075

• Alternative Use

  Use

  Valuation

  Residential

  $1,121,032

  Hospitality

  $1,026,860

  Educational

  $854,335

  Medical

  $883,717

  Retail

  $1,328,966

Location Insight

City

Bloomfield

County

Davis

State

Iowa

Latitude

40.7407

Longitude

-92.4108

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.