306 State StWilliamsburg, IA 52361

Property Details for 306 State St

Year built

1970

Lot size

0.29 AC

Property size (Sq ft)

4,549 SF

Property type

Specialty properties

APN

9056-0303-9

APU

905603039

Description

This exceptional Williamsburg investment property offers a unique blend of income streams, boasting over 5,300 square feet on a 0.29-acre corner lot in the thriving downtown area. Extensively renovated in 2022, the property currently comprises four leased commercial spaces, generating consistent rental income. Adding to its appeal are two additional income-producing garages rented for storage. A significant advantage is the inclusion of a fully furnished, two-bedroom apartment with a full bathroom and a stackable washer/dryer (new in 2023), currently operating as a successful Airbnb. This provides a diverse revenue stream and adds significant value to the overall investment. The property's prime location in the bustling downtown district ensures high visibility and accessibility for businesses and guests alike. This turnkey investment opportunity is ideal for those seeking a diversified portfolio with strong potential for both capital appreciation and passive income generation. The recent renovations ensure a modern and attractive environment for tenants and guests, minimizing ongoing maintenance needs. This property presents a rare chance to acquire a well-established, high-performing asset in a vibrant and growing community.

• Alternative Use

  Use

  Valuation

  Residential

  $962,088

  Hospitality

  $881,267

  Educational

  $733,204

  Medical

  $758,420

  Retail

  $1,140,540

Location Insight

City

Williamsburg

County

Iowa

State

Iowa

Latitude

41.6621

Longitude

-92.0113

Property Tax & Assessments

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