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🏢 Just listed — Bar Retail for sale in Essex, IA.

📍 501 & 503 Iowa Avenue, Essex, IA
🏷  Bar Retail · For Sale
💰 $385K

Retail | 9,000 SqFt

<ul><li> Bar</li><li> Investment</li><li> Apartment</li><li> Income Producing Property</li><li> Restaurant</li><li> On Site Living Accommodations</li><li> Fireplace</li><li> Large Kitchen</li><li> Restaurants/shopping</li></ul>

Full financials, photos, and broker contact:
https://commrty.com/property/iowa/essex/mixed-use-investment-opportunity-bar-warehouse-3br-apartment-2454961-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=mixed-use-investment-opportunity-bar-warehouse-3br-apartment-2454961

#Essex #Retail #CommercialRealEstate #CRE #Investment

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Home/IA/Essex

501 & 503 Iowa Avenue

Essex, IA 51638

Asking Price

$385K

Asset Type

Bar Retail

Class

Class B

What's Special

Retail | 9,000 SqFt <ul><li> Bar</li><li> Investment</li><li> Apartment</li><li> Income Producing Property</li><li> Restaurant</li><li> On Site Living Accommodations</li><li> Fireplace</li><li> Large Kitchen</li><li> Restaurants/shopping</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

20.78%

DSCR

3.50

Strong

Cash-on-Cash

49.47%

Monthly Payment

$1,904.77

Annual Cash Flow

$57,142.761

Location & Travel Times

Similar Properties Nearby

7.25% CAP

📍

$4.64M

Class B | Shopping Center

1233 Eastern Boulevard, Essex, MD 21221

Listed by Owner · For Sale