916 9Th StVinton, IA 52349

Property Details for 916 9Th St

Year built

1903

Lot size

0.67 AC

Property size (Sq ft)

3,626 SF

Property type

Turn key restaurants

APN

24097520

APU

24097520

Description

This unique investment opportunity presents a 0.67-acre parcel located at 916 W 9th St in Vinton, Iowa. The property, formerly a hospital, offers significant potential for redevelopment or repurposing. Its substantial size and central location within Vinton provide a strong foundation for a variety of commercial ventures. The building itself is in need of significant renovation or demolition, presenting a blank canvas for a creative investor. The 0.67-acre lot allows for ample space for expansion or the addition of complementary structures. Given its history and prominent location, this property could be ideal for adaptive reuse projects, such as a boutique hotel, mixed-use development, or specialized medical facility. The absence of a listed square footage necessitates a thorough on-site inspection to determine the precise dimensions and structural integrity of any existing buildings. This property is being offered at a price to be determined, reflecting the significant potential and the need for substantial investment in its future. Serious inquiries are encouraged to conduct due diligence and explore the possibilities this unique property presents. The property's location in Vinton offers access to local amenities and a growing community. This is a chance to acquire a substantial piece of Vinton's history and shape its future. The sale includes the land and any existing structures. All interested parties are responsible for conducting their own independent inspections and assessments.

• CAP approach

  CAP return

  Valuation

  6%

  $877,413

  6.5%

  $809,920

  7%

  $752,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $466,379

  Geo Method

  $466,379

• Alternative Use

  Use

  Valuation

  Residential

  $683,198

  Hospitality

  $625,805

  Educational

  $520,663

  Medical

  $538,569

  Retail

  $809,920

Location Insight

City

Vinton

County

Benton

State

Iowa

Latitude

42.1627

Longitude

-92.0348

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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