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Aleya Salon Suites & Day Spa 112 N 2nd Ave W 4,488 SF Retail Building Newton, IA 50208 $795,000 ($177.14/SF)
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,488 SF
Building Class
C
Year Built
1875
Price
$795,000
Price Per SF
$177.14
Tenancy
Single
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.09 AC
Zoning
C & R
Frontage
64’ on North 2nd Avenue West
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-34-110-012 | Improvements Assessment | $261,030 |
| Land Assessment | $22,440 | Total Assessment | $283,470 |
PROPERTY TAXES
Parcel Number
08-34-110-012
Land Assessment
$22,440
Improvements Assessment
$261,030
Total Assessment
$283,470
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Aleya Salon Suites & Day Spa | 112 N 2nd Ave W
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