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2306 1st Avenue E Newton, IA 50208 Commercial - Investment

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Description

Outstanding commercial opportunity along Newton's highly traveled 1st Avenue East commercial corridor! Priced at $799,900, this 7,200-square-foot building was constructed in 1999 and offers excellent visibility, approximately 10,000 vehicles per day, commercial zoning and 40 on-site parking spaces. Currently home to Earl May Garden Center, the property offers a flexible footprint with possibilities for retail, restaurant, medical, professional office, fitness, service or owner-occupied use. The location is surrounded by an excellent mix of established retail, restaurants, automotive and service businesses, creating strong daily activity along one of Newton's primary commercial corridors. Newton continues to attract exciting new commercial investment, including recent additions such as ALDI, a freestanding Starbucks and Gray Moon Public Market. The property is also just minutes from MercyOne Newton Medical Center, area hotels, I-80 and Iowa Speedway?one of Central Iowa's premier entertainment destinations and home to major NASCAR events. With excellent visibility, substantial parking, strong traffic counts and convenient access to Newton's growing commercial base, this property offers much more than 7,200 square feet?it offers a strategic location for a business looking to grow, expand or establish a presence in the Newton market.

Property Highlights

Property Type: Commercial - Investment
Year Built: 1999
Lot Size: 1.16 acres

General Information

County: Jasper
Listed By:
Century 21 Signature Real Estate 641-440-7007
No Coast MLS
$799,900
Est. $5,391/mo
New to the Market Active
MLS#6342492
STATUS PROPERTY TYPECommercial - Investment

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Ruhl&Ruhl Realtors
563.441.1776

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2306 1st Avenue E, Newton, IA 50208.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $799,900$799,900$799,900
Down Payment $159,980$27,997$199,975
Monthly Mortgage Amount $4,045$4,964$5,022
Taxes $1113$1113$1113
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$352$0
Monthly Estimated Total $5,391$6,662$6,368

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