116 Bryant St Walcott, IA 52773-7704
- Bars
- 11,224 SF
- 0.19 lot acres
Current Use by Public Records
- The Coliseum / Restaurant / Banquet Hall
Property Details for 116 Bryant St
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.19 lot acres
- Property size
- 11,224 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 820653001
- APU
- 820653001
Description
This exceptional commercial property, located at 116 Bryant Street in Walcott, Iowa, presents a unique investment opportunity. Situated conveniently near I-80 and the Walcott truck stop, this 11,224 square foot building offers a thriving event center with a built-in bar and a newly installed stage. A separate bar and grill, accessible via its own entrance, adds another revenue stream. The property sits on a 0.19-acre lot and boasts a seating capacity of 500 for the combined event center and bar/restaurant. All equipment, furniture, and fixtures (FF&E) are included in the sale, significantly reducing start-up costs for the new owner. The building has undergone recent renovations and updates, ensuring a move-in ready condition. Adding to the income potential, two apartments located above the commercial space are currently leased, providing a consistent rental income. These apartments have their own separate entrance for privacy and convenience. The property's prime location and diverse revenue streams make it an ideal investment for entrepreneurs seeking a turnkey operation with significant earning potential. Detailed financial documents are available upon request. The asking price is $295,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $260,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $280,000
- Mixed-Use
- $260,000
- Hospitality
- $280,000
- Educational
- $315,000
- Residential Income
- $295,000
- Energy
- $270,000
- Income-Based Land
- $230,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Walcott
- County
- Scott
- State
- Iowa
- Longitude
- -90.7741
- Latitude
- 41.585
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA