1715 1st W Ave Newton, IA 50208
- Warehouses
- 6,000 SF
- 3.99 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1715 1st W Ave
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 3.99 lot acres
- Property size
- 6,000 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 833151002
- APU
- 833151002
Description
This exceptional 9,216 square foot office building, situated on a 0.45-acre lot at 1715 1st Avenue E in Newton, Iowa, presents a compelling investment or lease opportunity. Currently, a portion of the building (4,000 square feet) is occupied by Kinetic Edge Physical Therapy, a tenant experiencing significant growth and planning a relocation. This presents a unique chance for a new tenant to either lease the available space directly from the landlord or potentially assume the existing lease. The building boasts a highly visible location, ensuring excellent exposure for any business. Prospective tenants should be prepared to demonstrate a strong lease and credit history. The building itself is a newer construction, offering high-quality space and easy accessibility. While the occupancy date may be subject to a slight delay to accommodate the current tenant's move, this presents a chance to secure a desirable space in a thriving location. The property offers significant potential for a business seeking a prominent presence in Newton. Serious inquiries are encouraged. The asking price for the entire property is $12 million.
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
- -93.0769
- Latitude
- 41.6972
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
