112 Briggs Ave Fairfield, IA 52556
- Office buildings
- 4,092 SF
- 0.20 lot acres
Current Use by Public Records
- Hair Styles Unlimited / Beauty Salon
- New Horizons Hair Salon / Beauty Salon
Property Details for 112 Briggs Ave
- Year built
- 1958
- Lot size
- 0.20 lot acres
- Property size
- 4,092 SF
- Property type
- Office buildings
- APN
- 06-25-309-002
- APU
- 625309002
Description
This exceptional Fairfield, IA commercial property presents a unique investment opportunity. Located at 112 W Briggs Avenue, Unit 1-2, this single-story building boasts approximately 4,092 square feet of versatile space, ideal for a variety of commercial uses. The property sits on a 0.2-acre lot and includes a convenient paved parking lot, ensuring ample space for clients and employees. Its prime location offers excellent street frontage, enhancing visibility and accessibility. The building's well-maintained condition is a significant advantage, minimizing upfront capital expenditures. This property offers the flexibility to be utilized as owner-occupied space, generating income from the remaining area, or as a purely income-generating investment. The substantial square footage allows for diverse configurations to suit various business needs. The combination of size, location, and condition makes this a compelling opportunity for investors seeking a strong return or businesses looking for a well-equipped space to expand or relocate. The asking price is $249,500. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $195,000
- 7%
- $195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $230,000
- Mixed-Use
- $205,000
- Hospitality
- $220,000
- Educational
- $230,000
- Residential Income
- $240,000
- Energy
- $225,000
- Income-Based Land
- $220,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Jefferson
- State
- Iowa
- Longitude
- -91.9646
- Latitude
- 41.0083
- CBSA code
- 21840
- CBSA name
- FAIRFIELD, IA MICROPOLITAN STATISTICAL AREA