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345 Richmond Ave 4,370 SF Retail Building Ottumwa, IA 52501 $265,000 ($60.64/SF)
INVESTMENT HIGHLIGHTS
- Value Opportunity: Offered at $265,000, this vacant property provides a cost-effective entry point for investors or business owners.
- Generous Lot Size: Situated on a 0.5-acre parcel, the site offers ample space for parking, expansion, or outdoor use.
- Room to Renovate: The building requires repairs, allowing buyers to customize and restore it to suit their operational needs.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,370 SF
Building Class
C
Year Built
1940
Price
$265,000
Price Per SF
$60.64
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.50 AC
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007417200162000 | Improvements Assessment | $106,990 |
| Land Assessment | $54,150 | Total Assessment | $161,140 |
PROPERTY TAXES
Parcel Number
007417200162000
Land Assessment
$54,150
Improvements Assessment
$106,990
Total Assessment
$161,140
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Presented by
David Aliv
345 Richmond Ave
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