1611 19th E Ave Newton, IA 50208
- Warehouses
- 4,320 SF
- 3.01 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1611 19th E Ave
- Year built
- 2006
- Construction
- FRAME
- Lot size
- 3.01 lot acres
- Property size
- 4,320 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 826126008
- APU
- 826126008
Description
This exceptional investment opportunity presents a well-established self-storage facility in Newton, Iowa. Boasting a substantial 36,240 square feet of rentable space situated on a generous 3.01-acre lot, this property offers significant potential for continued growth and profitability. The facility has a proven track record of success, having operated as a thriving business for 18 years, demonstrating consistent revenue generation and a strong tenant base. The property's established operational history minimizes the risk associated with new ventures, making it an attractive option for investors seeking a turnkey business with immediate cash flow. The location in Newton, IA, provides convenient access for the local community and surrounding areas, ensuring consistent demand for storage units. This is a rare opportunity to acquire a profitable, established business with a long history of success, offering a solid foundation for future expansion and increased returns. The asking price of $2,300,000 reflects the property's exceptional value and potential. This is a prime investment for those seeking a stable, high-yield asset in a desirable location. Serious inquiries only.
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
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.0316
- Latitude
- 41.7165
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
