116 5th S Ave, Clinton, IA 52732-4106
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.
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La Feria Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.