1611 19Th AveNewton, IA 50208

Property Details for 1611 19Th Ave

Year built

2006

Construction

FRAME

Lot size

3.01 AC

Property size (Sq ft)

4,320 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

826126008

APU

826126008

Description

This exceptional investment opportunity presents a well-established self-storage facility in Newton, Iowa. Boasting a substantial 36,240 square feet of rentable space situated on a generous 3.01-acre lot, this property offers significant potential for continued growth and profitability. The facility has a proven track record of success, having operated as a thriving business for 18 years, demonstrating consistent revenue generation and a strong tenant base. The property's established operational history minimizes the risk associated with new ventures, making it an attractive option for investors seeking a turnkey business with immediate cash flow. The location in Newton, IA, provides convenient access for the local community and surrounding areas, ensuring consistent demand for storage units. This is a rare opportunity to acquire a profitable, established business with a long history of success, offering a solid foundation for future expansion and increased returns. The asking price of $2,300,000 reflects the property's exceptional value and potential. This is a prime investment for those seeking a stable, high-yield asset in a desirable location. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $862,334

  Hospitality

  $789,893

  Educational

  $657,182

  Medical

  $679,783

  Retail

  $1,022,283

Location Insight

City

Newton

County

Jasper

State

Iowa

Latitude

41.7165

Longitude

-93.0316

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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