BIRKENHOLZ REALTY

110 N. 2nd Ave E.

Newton, IA 50208

Office# 641-792-4764

Okoboji Restaurant I-80 Exit 164
1425 W 19th St S, Newton, IA
REDUCED Price $799,000.00

Address: 1425 W 19 th St S, Newton, Iowa 50208. I-80 Exit 164 site.
Location: Highly visible site for a restaurant. On the main entrance into Newton. Four
motels on corner. Loyal local clientele.
+/-20,000 population within 15 minutes; +/-150,000 within 30 minutes.
Traffic: Outstanding traffic count (Over 30,000 vehicles daily) for this I-80 Exit 164
location with excellent access.
Size: +/-5,145 SF building; +/-36,320 SF of land.
Zoning: C-A; Arterial Commercial District
Assessed Value: Real property is currently assessed at $614,410 real estate value; annual real
estate taxes are $19,012.00 for 2022 after Business Tax Credit applied.
Condition: High quality construction and excellent layout for bar and restaurant operation.
Property built in 2004. Well maintained property.
Business:
traffic Over 15 years of operation by the same principal owner/manager. Excellent foot
from both travelers and a loyal local clientele. Many long term employees.
Confidential: Financial information is available upon receipt of a signed Confidentiality
Agreement from a qualified buyer.
Environmental: There are no known risks, but Buyers are responsible to perform due diligence on
all environmental risks.
Price: REDUCED sale price is $875,000.00 for land, building, fixtures, equipment, and
business value. Principal owner/manager to assist with the transition period.
Summary: Well established business. Good operation with loyal clientele. Excellent
location at the main entrance of Newton. Excellent visibility, high traffic location
for restaurant use.

Contact: Richard Boggess, Broker Associate
Cell 641-521-3378
Email dickbre@iowatelecom.net
 Richard Boggess has a 7.692% ownership interest in the real estate portion.