1611 1st Ave W - Specialty FOR SALE


Newton, IA 50208
$990,000 USD
515-966-5478
1611 1st Ave W, Newton, IA for Sale
$990,000 USD
Specialty - FOR SALE
1/17
null | Request Cap Rate

1611 1st Ave W
Newton, IA 50208


HIGHLIGHTS

  • Largest event venue in the Newton, IA area.
  • 4 bedroom ranch home included in the sale - perfect for an onsite owner or manager.
  • Wide range of uses possible.

OVERVIEW

WB Realty is proud to present for sale The Thunderdome wedding and event venue in Newton, IA. With almost 20,000 SF of entertainment space and a 1,000 person capacity, this is the largest event venue in the area. Featuring a top-of-the-line sound system, a catering prep kitchen, a full bar and restaurant area, a floral shop with a display cooler, a walk-in refrigerator, and a beautiful outdoor ceremony space equipped with 60-amp electrical service, it is the perfect backdrop for weddings, concerts, proms and homecomings, company parties, galas, and any other type of special event. The property is located on 6.6 acres right off Hwy 6, providing easy access to I-80. All new HVAC units were installed in 2017 and a new roof coating was installed in 2021. Additionally, this property includes a four-bedroom ranch home, perfect for an onsite owner or manager.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Newton, IA Wedding & Event Venue

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Religious Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

6.6 AC

LAND SF

287,496 SF

ZONING

C-A

APN/PARCEL ID

08.33.152.001

ASK ABOUT THIS PROPERTY

Ryan WiedersteinWB Realty CoMore Info
515-966-5478

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Ryan WiedersteinWB Realty CoMore Info
515-966-5478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.