116 5Th AveClinton, IA 52732

Property Details for 116 5Th Ave

Year built

1946

Lot size

0.24 AC

Property size (Sq ft)

11,979 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8011440001

APU

8011440001

Description

This exceptional 11,979-square-foot commercial property, situated at 116 5th Avenue South in Clinton, Iowa, presents a unique investment opportunity. Currently operating as a restaurant, this adaptable space offers immense potential for a variety of businesses. The building sits on a 0.24-acre lot in a bustling commercial area, ensuring high visibility and consistent foot traffic. The interior boasts a thoughtfully designed layout, including a dedicated bar entrance, private seating areas perfect for intimate gatherings, and a spacious banquet room capable of accommodating up to 100 guests. Three upstairs offices provide ample space for administrative functions or business expansion. The sale includes all existing furniture, fixtures, and equipment, significantly reducing start-up costs. This comprehensive package includes a substantial 14-foot hood, a 5-foot hood, a walk-in cooler, a freezer, and much more – all ready for immediate use. The current business will continue operations until the sale is finalized, providing a seamless transition for the new owner. With its prime location, versatile design, and extensive equipment, this property is poised for immediate success. The asking price is $430,000. This is an exceptional opportunity to acquire a thriving business or establish a new venture in a vibrant and desirable location. The current occupancy is 462.

• CAP approach

  CAP return

  Valuation

  6%

  $3,179,538

  6.5%

  $2,934,958

  7%

  $2,725,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,064,688

  Geo Method

  $3,931,867

• Alternative Use

  Use

  Valuation

  Residential

  $2,475,746

  Hospitality

  $2,267,770

  Educational

  $1,886,758

  Medical

  $1,951,647

  Retail

  $2,934,958

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.8415

Longitude

-90.1867

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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