308 1St Ave E Newton, IA 50208
For Lease
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This exceptional 7,045 square foot retail strip center in Newton, Iowa, presents a fantastic leasing opportunity. Located at 308 1st Ave E, this property boasts 2,692 square feet of immediately available space within a multi-tenant building. The property sits on a 0.67-acre lot and offers ample parking with 44 spaces, ensuring convenient access for customers. The existing building features expansive storefront windows, providing excellent visibility and attracting significant foot traffic. The interior is adaptable and customizable, allowing for efficient floor planning to suit a variety of retail or commercial uses. The strategic location in Newton, Iowa, offers high visibility and accessibility, creating an ideal environment for businesses seeking a prominent presence in a thriving community. The property's modern amenities and professional exterior create a welcoming and dynamic atmosphere. This is a rare opportunity to secure a well-located, versatile retail space in a desirable market. The available space is perfect for businesses looking to establish or expand their presence in Newton. Don't miss this chance to capitalize on this prime retail location. The zip code is 50208.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.