208 Main AveClinton, IA 52732

Property Details for 208 Main Ave

Year built

1900

Construction

FRAME

Lot size

0.05 AC

Property size (Sq ft)

1,585 SF

Property type

Turn key restaurants

APN

8605130000

APU

8605130000

Description

This vacant 1,240 square foot retail space, located at 208 Main Avenue in Clinton, Iowa, presents a fantastic opportunity for a new restaurant venture. Previously used as a restaurant, the property boasts existing restaurant infrastructure, including an 8-foot hood/ansel system and two built-in brick oven pizza ovens, significantly reducing start-up costs and time. The building is a single-story structure situated on a 0.04-acre lot, zoned C for commercial use. The asking price is $80,000, translating to $64.52 per square foot. Its location along heavily traveled Main Avenue in downtown Clinton ensures high visibility and accessibility for potential customers. The property's existing equipment and prime location make it an ideal investment for an experienced restaurateur or a new business looking to establish a presence in a thriving downtown area. The address is 208 Main Ave, Clinton, IA 52732. This is a turnkey opportunity not to be missed. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $420,700

  6.5%

  $388,339

  7%

  $360,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,504

  Geo Method

  $520,245

• Alternative Use

  Use

  Valuation

  Residential

  $327,578

  Hospitality

  $300,060

  Educational

  $249,646

  Medical

  $258,232

  Retail

  $388,339

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.873

Longitude

-90.1802

CBSA code

17540

CBSA name

CLINTON, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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