905 Washington StBloomfield, IA 52537

Property Details for 905 Washington St

Year built

1978

Lot size

4.18 AC

Property size (Sq ft)

4,780 SF

Property type

Turn key restaurants

APN

1002180

APU

1002180

Description

This exceptional turnkey opportunity presents a thriving, well-established restaurant located at 905 S Washington Street in Bloomfield, Iowa. The property boasts a prime location and a strong reputation built on consistent quality food and service, attracting a loyal customer base. The restaurant itself comfortably seats 90 patrons, offering a diverse menu designed to appeal to a wide range of tastes. The fully equipped kitchen is ready for immediate operation, requiring no significant upgrades or renovations. A significant advantage is the inclusion of a spacious banquet room, capable of accommodating up to 140 people. This versatile space is ideal for hosting a variety of events, from corporate meetings and business functions to family gatherings and private parties, significantly expanding revenue potential. The asking price for this established and successful restaurant is $549,000. This represents a rare chance to acquire a profitable, turnkey operation with significant growth potential in a desirable location. The property is offered as a general commercial listing and sits on a lot with zero acres. The square footage of the building is not specified. This is an exceptional opportunity for a seasoned restaurateur or an ambitious entrepreneur seeking a proven business model.

• CAP approach

  CAP return

  Valuation

  6%

  $1,439,713

  6.5%

  $1,328,966

  7%

  $1,234,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $939,075

  Geo Method

  $939,075

• Alternative Use

  Use

  Valuation

  Residential

  $1,121,032

  Hospitality

  $1,026,860

  Educational

  $854,335

  Medical

  $883,717

  Retail

  $1,328,966

Location Insight

City

Bloomfield

County

Davis

State

Iowa

Latitude

40.7407

Longitude

-92.4108

Property Tax & Assessments

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