841 Frederick Ave Oelwein, IA 50662-3029
- Turn key restaurants
- 1,849 SF
- 0.48 lot acres
Jan 12, 2022
Current Use by Public Records
- Doggy Depot / Pet Groomer
- Get R’ Fried LLC / Fast Food Restaurant
Property Details for 841 Frederick Ave
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.48 lot acres
- Property size
- 1,849 SF
- Property type
- Turn key restaurants
- APN
- 1828251002
- APU
- 1828251002
Description
This turnkey restaurant located at 841 S Frederick Ave, Oelwein, IA 50662, presents a fantastic opportunity for an owner-operator. Priced at $249,000, this 1,573 square foot Class B retail space offers a compelling value proposition at $158.30 per square foot. Built in 1970, the single-story building sits on a 0.48-acre lot and is zoned C, allowing for a variety of uses. The property includes all furniture, fixtures, and equipment, making it truly turnkey. Recent updates to the building ensure a move-in ready condition, ideal for immediate operation. The existing layout is well-suited for a cafe or lounge, but the versatile space could easily adapt to other concepts. This is a rare opportunity to acquire an established restaurant with significant upside potential in a thriving community. The property's location in Fayette County offers convenient access to local amenities and a strong customer base. This owner-user investment is ready for a new chapter. Don't miss this chance to own a profitable business in a desirable location.
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
- Oelwein
- County
- Fayette
- State
- Iowa
- Longitude
- -91.9132
- Latitude
- 42.6667
