For Lease
$6-$10 /SF/YR

2617 1St Ave Newton, IA 50208

Prime Retail/Office Space, Multiple Suites

Overview

Added:
Dec 11, 2024
Days on market:
132
Ace Hardware Plaza offers a unique investment opportunity in a high-traffic location. This two-building complex, totaling 48,000 square feet, features a mix of executive, creative, and traditional office spaces, perfect for a variety of businesses. Built in 1979 and extensively renovated in 2020, the property boasts a Class B rating and offers multiple tenancy options. Individual suites range from a minimum of 1,400 square feet to a maximum contiguous space of 2,940 square feet, with a total of six suites available. Currently, 4,340 square feet are vacant, presenting a significant opportunity for expansion or new tenancy. The property sits on a substantial 95,396 square foot lot, zoned C-SC Shopping, ensuring ample parking and high visibility. Tenants currently include LaCabana restaurant, US Cellular, Tina's Nails, and True Value, all benefiting from the plaza's strategic location between Hy-Vee and Walmart. The single-story buildings feature 10-foot ceilings, providing a spacious and functional work environment. The property's prominent pylon signage ensures excellent visibility for tenants. This is an exceptional opportunity to secure office space in a thriving retail center with strong existing tenants and high foot traffic.

Highlights

  • 48,000 SF multi-tenant office building with 4,340 SF of vacant space available.
  • Minimum 1,400 SF divisible, maximum contiguous 2,940 SF.
  • Six suites total in two, one-story buildings on a 95,396 SF lot.
  • Class B property built in 1979, renovated in 2020, featuring 10' ceilings.
  • Located in a high-traffic area with excellent parking and pylon signage, near Hy-Vee and Walmart.
  • C-SC Shopping zoning; APN 0835277004 & 0835277005.

Property Details for 2617 1St Ave

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
48,000 SF
Class
B
Year Built/Renovated
1979/2020
Buildings
2
Stories
1

Unit(s) available at that property

Space
Suite IV
Size
1,400 SF
Rate per SF
$10
Space
West Main
Size
7,750 SF
Rate per SF
$6
Space
Suite I & II
Size
2,940 SF
Rate per SF
$7

Location Insight

City
Newton
County
Jasper
State
Iowa
Latitude
41.698980109233
Longitude
-93.020948142037

FAQs

What type of property is this?
Specialty property - Prime Retail/Office Space, Multiple Suites
Where is the specialty property located?
The property is located at 2617 1St Ave Newton, IA.
What is the lease rate?
The lease rate is $6-$10 /SF/YR.
What are key features of this property?
This property features: 48,000 SF multi-tenant office building with 4,340 SF of vacant space available.; Minimum 1,400 SF divisible, maximum contiguous 2,940 SF.; Six suites total in two, one-story buildings on a 95,396 SF lot.
How can I contact the broker?
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2617 1St Ave
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