203 Main St Drakesville, IA 52552-9794
This thriving convenience store and fuel station, established in 1999, presents a unique investment opportunity in Drakesville, Iowa. Strategically located at the intersection of Main Street and Washington Street, the property benefits from significant traffic flow, experiencing a notable increase during the peak summer months. The building encompasses 2,520 square feet, thoughtfully designed to accommodate both retail and kitchen operations. A spacious seating area provides ample space for dine-in customers, enhancing the overall customer experience. Three fuel dispensers offer a variety of options, including unleaded, super unleaded, off-road diesel, and diesel fuel, catering to a broad range of customer needs. The current owners are seeking a new operator, offering a turnkey business opportunity for a prospective buyer. This presents a chance to acquire an established, profitable business with a strong foundation and significant growth potential. The property is priced at $279,000 and sits on a 0-acre lot. The sale includes all existing equipment and fixtures, allowing for a seamless transition and immediate commencement of operations. This is an exceptional opportunity for an entrepreneur seeking a well-established business in a desirable location. The property's prime location and diverse offerings make it an attractive investment for those seeking a profitable and established business venture.
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
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.