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Property profile & analytics
OFF-MARKET
Turn key restaurants

302 6th S Ave Clinton, IA 52732-4504

1,705 SF 0.48 ac lot Built 1963
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US25-1352231
Property summary
AI-generated overview

This exceptional 14,113 square foot commercial property, located at 302 6th Avenue South in the heart of downtown Clinton, Iowa, presents a lucrative investment opportunity. The property is a well-established 52-room hotel featuring an on-site restaurant, providing a diverse revenue stream. Its central location offers easy access to numerous shops and restaurants, enhancing its appeal to both business and leisure travelers. Ten of the hotel rooms boast private balconies, adding a premium touch for guests. The hotel also includes an outdoor swimming pool, a desirable amenity for guests during warmer months. Recent upgrades include the installation of new air conditioning units in 2020 and updated televisions throughout the property, ensuring modern comfort and convenience. The property sits on a 0-acre lot and is offered at $1,225,000. This turnkey operation is ready for a new owner to capitalize on its established reputation and prime location. The combination of hotel rooms and a restaurant provides a unique opportunity for significant return on investment. This is a rare chance to acquire a thriving business in a desirable downtown setting. Serious inquiries are encouraged to schedule a viewing and explore the potential of this exceptional property.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Total area 1,705 SF
Lot 0.48 ac (21,000 SF)
APN 8015800000
UPID US25-1352231
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Travel Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pankaj C Shah · 9 yrs held
Pankaj C Shah
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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