345 Richmond Ave - Restaurant FOR SALE


Ottumwa, IA 52501
$265,000 USD
641-455-4560
345 Richmond Ave, Ottumwa, IA for Sale
$265,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

345 Richmond Ave
Ottumwa, IA 52501


HIGHLIGHTS

  • Value Opportunity: Offered at $265,000, this vacant property provides a cost-effective entry point for investors or business owners.
  • Room to Renovate: The building requires repairs, allowing buyers to customize and restore it to suit their operational needs.
  • Generous Lot Size: Situated on a 0.5-acre parcel, the site offers ample space for parking, expansion, or outdoor use.

OVERVIEW

This 3,780 square foot commercial building sits on a 0.5-acre parcel and is offered for sale at $265,000 1. Delivered vacant, the property presents a unique opportunity for investors or business owners to renovate and customize the space to suit their needs. Originally built in 1940, it features solid bones but requires repairs before becoming operable again. Located in a central area of Ottumwa, it offers visibility and potential for a wide range of commercial uses.

FOR SALE DETAILS

PRICE

$265,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,649 SF

ZONING

-

APN/PARCEL ID

007417200162000

ASK ABOUT THIS PROPERTY

David AlivDavid AlivMore Info
641-455-4560

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David AlivDavid AlivMore Info
641-455-4560

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