302 6th S Ave Clinton, IA 52732-4504
- Turn key restaurants
- 1,705 SF
- 0.48 lot acres
Current Use by Public Records
- Travel Inn / Hotel / Motel
Property Details for 302 6th S Ave
- Year built
- 1963
- Lot size
- 0.48 lot acres
- Property size
- 1,705 SF
- Property type
- Turn key restaurants
- APN
- 8015800000
- APU
- 8015800000
Description
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.
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
- Clinton
- County
- Clinton
- State
- Iowa
- Longitude
- -90.1912
- Latitude
- 41.8404
- CBSA code
- 17540
- CBSA name
- CLINTON, IA MICROPOLITAN STATISTICAL AREA
