127 6Th AveClinton, IA 52732

Property Details for 127 6Th Ave

Year built

1900

Lot size

0.32 AC

Property size (Sq ft)

7,000 SF

Property type

Turn key restaurants

APN

8012220000

APU

8012220000

Description

This exceptional 7,000 square foot commercial property located at 127 6th Avenue South in Clinton, Iowa, presents a unique investment opportunity. Situated on a 0.32-acre lot in the heart of downtown, this renovated space offers incredible versatility. Currently configured as a thriving CrossFit gym and yoga studio, the property boasts three separate points of entry, making it ideally suited for multiple businesses operating independently or collaboratively. The existing layout includes a fully equipped weightlifting area, a smoothie bar complete with a full kitchen, a yoga studio, and a dedicated hot yoga space. All existing equipment is included in the sale, providing a turnkey operation for a new owner. The property benefits from convenient off-street parking, a significant advantage in a bustling downtown area. The asking price for this remarkable property is $450,000. This is a rare chance to acquire a well-established, multi-use commercial space in a vibrant downtown location with significant potential for growth and expansion. The three points of entry allow for easy separation of businesses, while the existing infrastructure provides a solid foundation for immediate occupancy. Don't miss this opportunity to own a piece of Clinton's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,857,982

  6.5%

  $1,715,060

  7%

  $1,592,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,790,869

  Geo Method

  $2,297,610

• Alternative Use

  Use

  Valuation

  Residential

  $1,446,717

  Hospitality

  $1,325,185

  Educational

  $1,102,538

  Medical

  $1,140,456

  Retail

  $1,715,060

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.8397

Longitude

-90.1873

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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