316 4Th StBurlington, IA 52601

Property Details for 316 4Th St

Year built

1880

Lot size

0.08 AC

Property size (Sq ft)

6,840 SF

Zone code

C3

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16-05-230-005

APU

1605230005

Description

This turnkey restaurant opportunity in Burlington, Iowa presents a unique chance to acquire a well-established Italian restaurant. The property, located at 316 N 4th St, boasts 3,420 square feet of main-level restaurant space, perfect for immediate operation. All fixtures, furniture, and equipment (FF&E) are included in the asking price of $495,000. The building, constructed in 1880, features a total of 6,840 square feet, including a full basement and a second-story, two-bedroom apartment, adding potential for additional income or owner occupancy. Situated on a 3,510 square foot lot, the property benefits from a C-2 zoning permit and is conveniently located half a block from City Hall, surrounded by other retail and office businesses. The 2022 property taxes were $4,062. This exceptional offering combines a thriving business with valuable real estate in a desirable downtown location. The property's prime location and established clientele provide a solid foundation for continued success and potential growth. Financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,690,076

  6.5%

  $2,483,147

  7%

  $2,305,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,343,781

  Geo Method

  $1,343,781

• Alternative Use

  Use

  Valuation

  Residential

  $2,094,628

  Hospitality

  $1,918,668

  Educational

  $1,596,309

  Medical

  $1,651,208

  Retail

  $2,483,147

Location Insight

City

Burlington

County

Des Moines

State

Iowa

Latitude

40.8107

Longitude

-91.1033

CBSA code

15460

CBSA name

BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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