1310 19Th AveClinton, IA 52732

Property Details for 1310 19Th Ave

Year built

2005

Lot size

2.38 AC

Property size (Sq ft)

18,060 SF

Property type

Office buildings

APN

8811380056

APU

8811380056

Description

This exceptional Class A industrial property, located at 1310 19th Ave NW in Clinton, Iowa, presents a unique investment opportunity. The single-story, 18,360-square-foot building, constructed in 2007 and renovated in 2005, sits on a 2.38-acre lot zoned C2M. Currently vacant, this versatile space offers significant potential for various uses, including light manufacturing. The property boasts convenient access to loading docks and a state-of-the-art fire sprinkler system. Its flexible layout is ideal for a range of businesses. The asking price is $2,300,000, translating to $125.27 per square foot. The building features redundant fiber optic internet solutions provided by three different providers, ensuring reliable connectivity. While a portion was previously leased to a medical service facility, the entire space is now available for immediate occupancy under a net lease agreement. This property represents a strong investment opportunity in a desirable location. The property's single-unit structure simplifies management and offers a straightforward investment strategy. Its modern design and features make it an attractive option for businesses seeking efficient and reliable space. The property's location in Clinton, Iowa, provides access to key transportation routes and a skilled workforce.

• CAP approach

  CAP return

  Valuation

  6%

  $3,260,947

  6.5%

  $3,010,105

  7%

  $2,795,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,833,509

  Geo Method

  $2,352,315

• Alternative Use

  Use

  Valuation

  Residential

  $3,732,530

  Hospitality

  $3,418,978

  Educational

  $2,844,550

  Medical

  $2,942,378

  Retail

  $4,424,854

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.8697

Longitude

-90.2108

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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