317 High Ave Oskaloosa, IA 52577
- Office buildings
- 6,975 SF
- 0.11 lot acres
Current Use by Public Records
- Office buildings
Property Details for 317 High Ave
- Year built
- 1915
- Lot size
- 0.11 lot acres
- Property size
- 6,975 SF
- Property type
- Office buildings
- APN
- 1013479010
- APU
- 1013479010
Description
This exceptional investment opportunity presents two commercial buildings situated just two blocks east of Oskaloosa's downtown square at 317 and 313 High Avenue East. The property encompasses a combined total of 0.11 acres. The main building, located at 317 High Avenue East, is currently occupied by TD&T accounting firm under a lease that transfers to the new owner, guaranteeing a minimum three-year tenancy. The second building, at 313 High Avenue East, offers 2,400 square feet (20ft x 120ft) of vacant, office-ready space, immediately available for lease. This building is already divided into individual offices, making it turnkey for a new tenant. Adding to the investment potential, the second building also features three one-bedroom apartments on the second floor. These apartments require some minor renovations before being ready for rental occupancy. Conveniently located, the property includes a single-car attached garage at the rear of the 313 High Avenue East building. Ample on-street parking is readily available directly in front of both buildings. This combined property offers a unique blend of immediate income generation and significant future rental income potential, making it an attractive investment opportunity in a desirable location. The asking price for this combined property is $475,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $275,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $350,000
- Mixed-Use
- $340,000
- Hospitality
- $360,000
- Educational
- $270,000
- Residential Income
- $330,000
- Energy
- $340,000
- Income-Based Land
- $285,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Oskaloosa
- County
- Mahaska
- State
- Iowa
- Longitude
- -92.6419
- Latitude
- 41.2956
- CBSA code
- 36820
- CBSA name
- OSKALOOSA, IA MICROPOLITAN STATISTICAL AREA