112 Briggs AveFairfield, IA 52556

Property Details for 112 Briggs Ave

Year built

1958

Lot size

0.20 AC

Property size (Sq ft)

4,092 SF

Property type

Office buildings

APN

06-25-309-002

APU

625309002

Description

This exceptional Fairfield, IA commercial property presents a unique investment opportunity. Located at 112 W Briggs Avenue, Unit 1-2, this single-story building boasts approximately 4,092 square feet of versatile space, ideal for a variety of commercial uses. The property sits on a 0.2-acre lot and includes a convenient paved parking lot, ensuring ample space for clients and employees. Its prime location offers excellent street frontage, enhancing visibility and accessibility. The building's well-maintained condition is a significant advantage, minimizing upfront capital expenditures. This property offers the flexibility to be utilized as owner-occupied space, generating income from the remaining area, or as a purely income-generating investment. The substantial square footage allows for diverse configurations to suit various business needs. The combination of size, location, and condition makes this a compelling opportunity for investors seeking a strong return or businesses looking for a well-equipped space to expand or relocate. The asking price is $249,500. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,094,780

  6.5%

  $1,010,566

  7%

  $938,383

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,012

  Geo Method

  $319,012

• Alternative Use

  Use

  Valuation

  Residential

  $1,253,102

  Hospitality

  $1,147,834

  Educational

  $954,985

  Medical

  $987,828

  Retail

  $1,485,532

Location Insight

City

Fairfield

County

Jefferson

State

Iowa

Latitude

41.0083

Longitude

-91.9646

CBSA code

21840

CBSA name

FAIRFIELD, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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