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801 Court Ave 1,211 SF Retail Building Chariton, IA 50049 $99,000 ($81.75/SF) 10% Cap Rate



Investment Highlights
- Highly visible commercial property located in the heart of downtown Chariton.
- Excellent opportunity to own a well-positioned property in the heart of Chariton.
- This property offers excellent exposure, convenient access, and proximity to a variety of local businesses, dining, and community amenities.
Executive Summary
Position your business for success in this highly visible commercial property located in the heart of downtown Chariton. Situated on Court Avenue, this property offers excellent exposure, convenient access, and proximity to a variety of local businesses, dining, and community amenities. The building has a versatile layout suitable for a range of uses, including retail, offices, or service-based operations. It is currently being used as a car lot with a mechanic’s bay, a public restroom and two offices. Large storefront windows provide abundant natural light and an inviting presence for customers and clients alike. The interior offers flexible space that can be customized to meet your specific business needs, whether you're expanding, relocating, or launching a new venture. Ample nearby parking and easy accessibility enhance the convenience for employees and visitors, or maintaining inventory if you desire to keep it as a car lot. Located in an established commercial corridor, this property benefits from consistent local traffic and a supportive small-business environment. This is an excellent opportunity to own a well-positioned property in the heart of Chariton.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
1,211 SF
Building Class
C
Year Built
1955
Price
$99,000
Price Per SF
$81.75
Cap Rate
10%
NOI
$9,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.63 AC
Zoning
COM - Commercial property currently being used as a carlot
Parking
8 Spaces (6.61 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- NextAuto
- Retailer
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99,999 SF
- -
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| NextAuto | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0720358019 | Improvements Assessment | $26,508 |
| Land Assessment | $41,580 | Total Assessment | $68,088 |
Property Taxes
Parcel Number
0720358019
Land Assessment
$41,580
Improvements Assessment
$26,508
Total Assessment
$68,088
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801 Court Ave
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