905 Washington St Bloomfield, IA 52537-2146
- Turn key restaurants
- 4,780 SF
- 4.18 lot acres
Current Use by Public Records
- Southfork Motel and Grill / Motel / Restaurant
Property Details for 905 Washington St
- Year built
- 1978
- Lot size
- 4.18 lot acres
- Property size
- 4,780 SF
- Property type
- Turn key restaurants
- APN
- 1002180
- APU
- 1002180
Description
This exceptional turnkey opportunity presents a thriving, well-established restaurant located at 905 S Washington Street in Bloomfield, Iowa. The property boasts a prime location and a strong reputation built on consistent quality food and service, attracting a loyal customer base. The restaurant itself comfortably seats 90 patrons, offering a diverse menu designed to appeal to a wide range of tastes. The fully equipped kitchen is ready for immediate operation, requiring no significant upgrades or renovations. A significant advantage is the inclusion of a spacious banquet room, capable of accommodating up to 140 people. This versatile space is ideal for hosting a variety of events, from corporate meetings and business functions to family gatherings and private parties, significantly expanding revenue potential. The asking price for this established and successful restaurant is $549,000. This represents a rare chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The property is offered as a general commercial listing and sits on a lot with zero acres. The square footage of the building is not specified. This is an exceptional opportunity for a seasoned restaurateur or an ambitious entrepreneur seeking a proven business model.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $950,000
- 6.5%
- $1,120,000
- 7%
- $990,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $890,000
- Geo Method
- $1,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,155,000
- Retail
- $1,210,000
- Mixed-Use
- $980,000
- Hospitality
- $1,005,000
- Educational
- $1,120,000
- Residential Income
- $895,000
- Energy
- $945,000
- Income-Based Land
- $1,055,000
- Food Service
- $1,120,000
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Davis
- State
- Iowa
- Longitude
- -92.4108
- Latitude
- 40.7407