317 High AveOskaloosa, IA 52577

Property Details for 317 High Ave

Year built

1915

Lot size

0.11 AC

Property size (Sq ft)

6,975 SF

Property type

Office buildings

APN

1013479010

APU

1013479010

Description

This exceptional investment opportunity presents two commercial buildings situated just two blocks east of Oskaloosa's downtown square at 317 and 313 High Avenue East. The property encompasses a combined total of 0.11 acres. The main building, located at 317 High Avenue East, is currently occupied by TD&T accounting firm under a lease that transfers to the new owner, guaranteeing a minimum three-year tenancy. The second building, at 313 High Avenue East, offers 2,400 square feet (20ft x 120ft) of vacant, office-ready space, immediately available for lease. This building is already divided into individual offices, making it turnkey for a new tenant. Adding to the investment potential, the second building also features three one-bedroom apartments on the second floor. These apartments require some minor renovations before being ready for rental occupancy. Conveniently located, the property includes a single-car attached garage at the rear of the 313 High Avenue East building. Ample on-street parking is readily available directly in front of both buildings. This combined property offers a unique blend of immediate income generation and significant future rental income potential, making it an attractive investment opportunity in a desirable location. The asking price for this combined property is $475,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,307,450

  6.5%

  $1,206,876

  7%

  $1,120,671

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,282

  Geo Method

  $395,282

• Alternative Use

  Use

  Valuation

  Residential

  $1,496,527

  Hospitality

  $1,370,810

  Educational

  $1,140,498

  Medical

  $1,179,722

  Retail

  $1,774,108

Location Insight

City

Oskaloosa

County

Mahaska

State

Iowa

Latitude

41.2956

Longitude

-92.6419

CBSA code

36820

CBSA name

OSKALOOSA, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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