112 N 2nd Ave W - Retail FOR SALE


Newton, IA 50208
$795,000 USD
515-707-3636
112 N 2nd Ave W, Newton, IA for Sale
$795,000 USD
Retail - FOR SALE
1/36
null | Request Cap Rate

112 N 2nd Ave W
Newton, IA 50208


OVERVIEW

Located in the town square, this property features income-producing salon suites paired with a stunning second-floor penthouse. The salon component includes 20+ private suite units (with additional units located in the basement), a welcoming lobby, one main bathroom, a kitchenette/break room, abundant storage, and elevator access from the first floor to the basement for added convenience. Above, the second-floor penthouse offers 2 bedrooms, 1 bathroom, a walk-in closet, and a fireplace with built-in entertainment features, along with a walk-out rooftop patio. Penthouse is accessible via both an exterior metal staircase and an interior stairwell—ideal for owner occupancy or additional rental income. Major capital improvements are already complete with brand-new HVAC, plumbing, electrical, and roof, making this a turnkey investment with flexibility for a variety of commercial uses. Contact listing agent for financials.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Aleya Salon Suites & Day Spa

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1875

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C & R

APN/PARCEL ID

08-34-110-012

ASK ABOUT THIS PROPERTY

Matt FischerJunior IbarraMore Info
515-707-3636

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Matt FischerJunior IbarraMore Info
515-707-3636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.