1501 15Th AveNewton, IA 50208

  • Flex space
  • 22,500 SF
For Sale
$877,500 View listing

Property Details for 1501 15Th Ave

Year built
2006
Lot size
2.57 AC
Property size (Sq ft)
22,500 SF
Property type
Flex space
APN
826176014
APU
826176014

Description

This exceptional 22,500 square foot industrial/office building presents a fantastic opportunity in Newton, IA. Situated on a generous 2.57-acre lot, this well-maintained property offers flexible use potential and significant expansion capabilities. The building's design facilitates easy addition at the end, making it ideal for future growth. Enjoy convenient access to major transportation arteries, including I-80 and Highway 14, ensuring seamless logistics and accessibility. The interior boasts a clear height of 12'4" to the bottom of the steel beams in the center, and 11' on the sides, with a height between beams of 15' in the center and 13' on the sides. This provides ample space for various industrial or office configurations. The property is offered for sale at $877,500. Additionally, lease options are available at a rate of $4.50 per square foot, NNN, annually. A lease-to-purchase agreement may also be considered, offering flexibility for potential buyers. This prime location and versatile space make this an attractive investment opportunity for businesses seeking a strategic foothold in the Newton market. Don't miss this chance to acquire a high-quality, expandable commercial property with excellent access to major transportation routes.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,491,327
    Hospitality
    $4,114,031
    Educational
    $3,422,826
    Medical
    $3,540,542
    Retail
    $5,324,396

Location Insight

City
Newton
County
Jasper
State
Iowa
Latitude
41.713
Longitude
-93.0332
CBSA code
19780
CBSA name
DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42,596
$92,850
$1,144,190
$1,237,040
-
$92,850
$1,144,190
$1,237,040

FAQs

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