112 1St St Charlotte, IA 52731
- Turn key restaurants
- 2,520 SF
- 0.48 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 112 1St St
- Year built
- 2016
- Construction
- FRAME
- Lot size
- 0.48 lot acres
- Property size
- 2,520 SF
- Property type
- Turn key restaurants
- APN
- 6200540600
- APU
- 6200540600
Description
This exceptional commercial property, located at 112 1st Street in Charlotte, Iowa, presents a unique investment opportunity. The 2,520 square foot building currently operates as a bar and grill, benefiting from a high volume of daily traffic, approximately 700 vehicles per day. Situated on a gently sloping 0.48-acre lot, the property boasts a pleasant green space with a shady area overlooking the building and an outdoor stage, offering significant potential for expansion or outdoor events. The sale includes most of the furniture, fixtures, and equipment (FF&E), with a detailed list available upon request. A convenient 10 x 12 storage shed is also included. The property's zoning is flexible, and the city's welcoming approach to development makes it suitable for a variety of uses beyond its current configuration. Potential alternative uses could include a convenience store, cafГ©, or even residential conversion, subject to necessary approvals. The asking price of $197,000 is below prior appraisals and assessments, representing a compelling value proposition for discerning investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Clinton
- State
- Iowa
- Longitude
- -90.4725
- Latitude
- 41.9607
- CBSA code
- 17540
- CBSA name
- CLINTON, IA MICROPOLITAN STATISTICAL AREA
