2935 BroadwayCouncil Bluffs, IA 51501

Property Details for 2935 Broadway

Year built

1974

Lot size

0.76 AC

Property size (Sq ft)

5,080 SF

Zone code

C-2

Property type

Turn key restaurants

APN

7544 27 386 001

APU

754427386001

Description

This exceptional 5,082 square foot freestanding restaurant building is situated on a 0.76-acre lot at 2935 W Broadway in Council Bluffs, Iowa. Built in 1974, this single-story structure boasts a prominent corner location on Broadway Street, benefiting from high traffic counts of 25,176 vehicles per day. The property includes a monument sign, ensuring excellent visibility and easy access from Broadway. A five-minute drive to downtown Council Bluffs adds to its strategic location. The property is currently occupied by a month-to-month tenant, offering an opportunity for owner-user occupancy or lease renewal. Existing restaurant improvements are in place. This location enjoys a stellar national Placer.ai ranking, placing it among the top performing retail locations in Iowa, near the state's #1 Walgreens and Club Car Wash, and the #2 McDonald's and #3 Arby's. The property is zoned for commercial use. This is a rare opportunity to acquire a well-positioned, high-traffic restaurant property in a thriving Iowa market. The asking price is $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,371,290

  6.5%

  $1,265,806

  7%

  $1,175,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,394

  Geo Method

  $653,394

• Alternative Use

  Use

  Valuation

  Residential

  $1,067,755

  Hospitality

  $978,058

  Educational

  $813,733

  Medical

  $841,718

  Retail

  $1,265,806

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2616

Longitude

-95.892

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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