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2306 1st Ave E
Newton, IA 50208
Retail Property For Sale
Investment Highlights
- Positioned along Newton’s established 1st Avenue East commercial corridor.
- Located near MercyOne Newton Medical Center, Interstate 80, and Iowa Speedway.
- Commercial zoning supports a variety of business uses.
- Surrounded by a diverse mix of retail, restaurant, automotive, and service businesses.
Executive Summary
This commercial property presents an opportunity to acquire a well-positioned asset along Newton’s established 1st Avenue East commercial corridor. Offered at $799,900, the building benefits from a location that combines strong visibility, consistent vehicle traffic, and proximity to many of the area's key commercial and community destinations. With approximately 10,000 vehicles passing the site daily and 40 on-site parking spaces, the property is positioned to support a variety of business operations and customer-facing uses.
Currently occupied by Earl May Garden Center, the building features a flexible layout that may accommodate a range of future uses, including retail, restaurant, medical, professional office, fitness, service-oriented businesses, or owner-occupant operations. The surrounding corridor includes a diverse mix of retailers, restaurants, automotive businesses, and service providers, generating regular activity and consumer traffic throughout the day.
The property's location is further enhanced by nearby commercial investment and community amenities. Recent additions to the Newton market, including ALDI, a freestanding Starbucks, and Gray Moon Public Market, reflect continued business growth and investment within the area. The site also benefits from convenient access to MercyOne Newton Medical Center, nearby lodging options, Interstate 80, and Iowa Speedway, a regional destination that attracts visitors through major motorsports and entertainment events.
Combining commercial zoning, substantial parking capacity, established corridor exposure, and access to a growing business environment, this property offers an opportunity for investors, owner-users, or businesses seeking a presence within one of Newton’s primary commercial districts.
Currently occupied by Earl May Garden Center, the building features a flexible layout that may accommodate a range of future uses, including retail, restaurant, medical, professional office, fitness, service-oriented businesses, or owner-occupant operations. The surrounding corridor includes a diverse mix of retailers, restaurants, automotive businesses, and service providers, generating regular activity and consumer traffic throughout the day.
The property's location is further enhanced by nearby commercial investment and community amenities. Recent additions to the Newton market, including ALDI, a freestanding Starbucks, and Gray Moon Public Market, reflect continued business growth and investment within the area. The site also benefits from convenient access to MercyOne Newton Medical Center, nearby lodging options, Interstate 80, and Iowa Speedway, a regional destination that attracts visitors through major motorsports and entertainment events.
Combining commercial zoning, substantial parking capacity, established corridor exposure, and access to a growing business environment, this property offers an opportunity for investors, owner-users, or businesses seeking a presence within one of Newton’s primary commercial districts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built
1999
Price
$799,900
Price Per SF
$111.10
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.16 AC
Zoning
Commercial
Parking
40 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
210’ on 1st Avenue East
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 08-35-228-033 | Improvements Assessment | $297,170 |
| Land Assessment | $189,000 | Total Assessment | $486,170 |
Property Taxes
Parcel Number
08-35-228-033
Land Assessment
$189,000
Improvements Assessment
$297,170
Total Assessment
$486,170
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