209 3Rd StWest Liberty, IA 52776

Property Details for 209 3Rd St

Year built

1939

Lot size

0.41 AC

Property size (Sq ft)

6,544 SF

Zone code

C2-GENERAL RETAIL

Property type

Automotive properties

APN

112353009

APU

112353009

Description

This exceptional West Liberty, IA industrial property presents a unique investment opportunity. Located at 209 W 3rd St, this 6,544 square foot facility sits on a 0.41-acre lot and is zoned for commercial use. The property comprises two buildings, each single-story, constructed in 1939 and 1979. The asking price is $289,000, translating to $44.16 per square foot. The property boasts a large fenced parking lot, adding significant convenience and utility. Inside, you'll find finished office spaces equipped with central air conditioning, providing a comfortable and efficient workspace. This versatile property is ideal for a variety of uses, including manufacturing, warehousing, flex space, or even retail, making it an attractive option for entrepreneurs and investors alike. Its history includes operation as a car dealership and, more recently, a manufacturing facility. The property's well-maintained condition and strategic location in Muscatine County, Iowa (zip code 52776) contribute to its strong investment potential. This is a turnkey opportunity for a business seeking a ready-to-occupy space with ample room for growth and expansion. The property is offered for full ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $2,573,663

  6.5%

  $2,375,689

  7%

  $2,205,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,285,629

  Geo Method

  $1,285,629

• Alternative Use

  Use

  Valuation

  Residential

  $2,003,983

  Hospitality

  $1,835,637

  Educational

  $1,527,229

  Medical

  $1,579,752

  Retail

  $2,375,689

Location Insight

City

West Liberty

County

Muscatine

State

Iowa

Latitude

41.5706

Longitude

-91.2654

CBSA code

34700

CBSA name

MUSCATINE, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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