104 Main StClarion, IA 50525

Property Details for 104 Main St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

3,432 SF

Property type

Office buildings

APN

07-31-368-013

APU

731368013

Description

This exceptional opportunity presents the chance to acquire a thriving Pizza Ranch franchise located at 104 S Main Street, Clarion, IA. Boasting a strong reputation within the community – often cited as the "best" Pizza Ranch in the area – this established business has enjoyed consistent success for over 21 years under the current owner/manager. The seller is motivated and eager to share their extensive knowledge and expertise to ensure a smooth transition for the new owner. This turnkey operation includes everything needed to continue its successful trajectory, offering immediate income potential. A brand new oven was installed in December 2023, ensuring the highest quality and efficiency in the kitchen. The sale includes all fixtures and equipment, excluding a few personal items on the walls. Financial records are available upon request for pre-approved buyers who provide a bank letter. This is a rare opportunity to own a well-established, profitable business in a desirable location. The property sits on a 0.12-acre lot. There is also the possibility of purchasing the business separately and leasing the building. However, potential buyers must be pre-approved by Pizza Ranch Corporate before the purchase can be finalized. This is a truly exceptional opportunity for an experienced entrepreneur or savvy investor seeking a proven, high-performing business. The asking price for this established business is $550,000.

• CAP approach

  CAP return

  Valuation

  6%

  $564,945

  6.5%

  $521,488

  7%

  $484,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $175,169

  Geo Method

  $175,169

• Alternative Use

  Use

  Valuation

  Residential

  $646,645

  Hospitality

  $592,323

  Educational

  $492,806

  Medical

  $509,754

  Retail

  $766,587

Location Insight

City

Clarion

County

Wright

State

Iowa

Latitude

42.7319

Longitude

-93.7332

Property Tax & Assessments

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