1805 S 8th Ave E - Residential Income FOR SALE


Newton, IA 50208
$2,000,000 USD
515-681-2704
1805 S 8th Ave E, Newton, IA for Sale
$2,000,000 USD
Residential Income - FOR SALE
1/32
null | Request Cap Rate

1805 S 8th Ave E
Newton, IA 50208


HIGHLIGHTS

  • Over five landscaped acres with privacy and room for future expansion.
  • Separate apartment offers flexibility for management or staff accommodations.
  • Whole-house generator, security system, and storm shelter already in place.
  • Quality construction includes Hardie Plank siding and 50-year shingles.

OVERVIEW

This turnkey commercial opportunity is situated on more than five landscaped acres and offers a flexible environment for a variety of potential uses, including a group home, assisted living facility, residential care operation, medical office, counseling center, wellness facility, or professional office use, subject to zoning and regulatory approvals. The property combines residential-scale comfort with infrastructure and improvements that support operational functionality. The main building features four bedrooms, four bathrooms, spacious common living areas, and a large gathering room with a fireplace and built-in shelving. A fully equipped kitchen includes high-end appliances, quartz countertops, and custom cabinetry. Additional interior features include ADA-accessible elements, walk-in showers, extensive storage areas, a dedicated laundry room with built-in cabinetry, and quality finishes throughout. An oversized attached two-car garage is heated with a Reznor heater and includes a utility sink and mud area. Above the garage, a separate apartment with a private rear deck provides flexibility for on-site management, staff accommodations, administrative offices, or supplemental occupancy needs. Exterior and infrastructure improvements include a covered patio, Hardie Plank siding, 50-year shingles, a whole-house generator, 220-amp electrical service, a security system, and a storm shelter. The expansive acreage provides privacy, outdoor activity areas, and potential future expansion opportunities. This offering presents a unique opportunity for an owner-user, care provider, wellness operator, or professional organization seeking an improved property with adaptable functionality and extensive site improvements.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$862 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

R-2

APN/PARCEL ID

08-35-329-003

ASK ABOUT THIS PROPERTY

Alida AndersonRemax ConceptsMore Info
515-681-2704

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Alida AndersonRemax ConceptsMore Info
515-681-2704

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