For Sale
$990,000

1611 1St Ave Newton, IA 50208

Large Event Space, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 19,440-square-foot event venue in Newton, IA, is situated on a 6.6-acre lot with convenient highway access. Built in 1956 and extensively renovated in 2018, this property boasts a 100% occupancy rate and includes a full bar and restaurant area, catering kitchen, floral shop with display cooler, and walk-in refrigerator. The venue features a top-of-the-line sound system and a beautiful outdoor ceremony space with 60-amp electrical service, making it ideal for weddings, concerts, proms, corporate events, and more. Ample parking is available with 60 spaces. The property is zoned C-A and includes a four-bedroom ranch home, currently leased month-to-month. New HVAC units were installed in 2017, and the roof received a new coating in 2021. The asking price is $990,000. Future events are already booked, ensuring a strong return on investment. This well-known venue presents a unique opportunity for a buyer to acquire a thriving business in a prime location. The property's address is 1611 1st Ave W, Newton, IA 50208. The parcel number is 08.33.152.001.

Highlights

  • 19,440 SF event venue on 6.6 acres in Newton, IA, with highway access.
  • Fully renovated in 2018, boasting 100% occupancy.
  • Includes full bar/restaurant, catering kitchen, floral shop, and ample refrigeration.
  • Features a top-of-the-line sound system and outdoor ceremony space with 60-amp electrical service.
  • 60 parking spaces, C-A zoning, and a four-bedroom ranch home (month-to-month lease).
  • New HVAC (2017), roof coating (2021), and asking price of $990,000.

Property Details for 1611 1St Ave

Property type
Specialty properties, Churches & religious facilities
Square Feet
19,440 SF
Year Built/Renovated
1956/2018
Lot Size (sq. ft)
287,496 SF

Location Insight

City
Newton
County
Jasper
State
Iowa
Latitude
41.698667564209
Longitude
-93.074304127908

FAQs

What type of property is this?
Specialty property - Large Event Space, High Occupancy
Where is the specialty property located?
The property is located at 1611 1St Ave Newton, IA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 19,440 SF event venue on 6.6 acres in Newton, IA, with highway access.; Fully renovated in 2018, boasting 100% occupancy.; Includes full bar/restaurant, catering kitchen, floral shop, and ample refrigeration.
How can I contact the broker?
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1611 1St Ave
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