306 Main St Pulaski, IA 52584
- Self service car washes
- 300 SF
- 1.24 lot acres
Current Use by Public Records
- Sally's Diner / Family Restaurant
- Sinclair / Gas Station
Property Details for 306 Main St
- Year built
- 1994
- Lot size
- 1.24 lot acres
- Property size
- 300 SF
- Property type
- Self service car washes
- APN
- 13079443
- APU
- 13079443
Description
This exceptional 1,920 square foot commercial property located at 306 E Main Street in Pulaski, IA, presents a remarkable investment opportunity. Situated on a 1.5-acre lot with significant highway frontage, this well-established business boasts a successful gas station and convenience store, complemented by a thriving restaurant/grill. The property's versatility is further enhanced by the presence of a 40' x 30' finished, insulated, and heated warehouse, ideally suited for use as a commercial shop, complete with an attached finished office space. Previously used as a truck/car wash and laundromat, two storage units currently occupy this area, offering potential for future expansion or repurposing. Numerous recent upgrades and equipment updates have been implemented, ensuring the property is in excellent condition. The high volume of traffic on the highway provides exceptional visibility and accessibility, making this a prime location for a variety of commercial ventures. The combination of established businesses, versatile space, and prime location makes this property an attractive investment with significant potential for growth and profitability. The property's size and features offer a multitude of possibilities for expansion and diversification, making it an ideal opportunity for a savvy investor seeking a high-return investment in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $290,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $265,000
- Mixed-Use
- $225,000
- Hospitality
- $310,000
- Educational
- $260,000
- Residential Income
- $295,000
- Energy
- $270,000
- Income-Based Land
- $270,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Pulaski
- County
- Davis
- State
- Iowa
- Longitude
- -92.2698
- Latitude
- 40.6967