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$3,400,000
Est. payment /mo
82,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 82,000 sqft
Price per Sqft $41
MLS Listing ID 826499
Year Built 1970
Annual Tax Amount $67,714
Tax Year 2021
Lot Size 2.810 Acres
Acres 2.81
Property Sub-Type Commercial
Property Description
The sale includes the Real Estate st 1600 7th St. The 16,060 sq ft Parking lot. All the memberships and equipment. Company overview + The Target Opportunity is a full-service health club offering amenities in tennis, basketball, racquetball, pickleball, track, swim, and fitness, for all ages. The Club has extensive brand recognition in the region and is the area’s ‘go to’ for family recreation and fitness. The Club provides a historically consistent cash flow with multiple revenue streams. + Purchase opportunity includes 82,000 SF of indoor space on 4.29 acres of Real Estate, up to date maintenance, and excellent collateral value. + Strong post covid numbers + Strong management team is in place, with an average of 85 full and part time employees. Connected Member Base through Unique Offerings and Amenities Amenities offered such as Basketball, track, swimming, Personal Training, Full fitness Center, fitness classes, bicycling, Tennis, Racquetball, Pickle Ball, Child Care and so much more than a typical gym. Detailed Information: + Inventory is included in asking price + Real Estate is Owned and included in asking price (mid town location) + Building Sq ft: 82,000 Sq Ft + Employees: 85 full and part time including management teams + Facilities: All FF&E to be included in the space + Great option for a 1031 exchange + Support staff would like to remain in place
Location
State IA
County Woodbury
Area Nside Central
Zoning GI
Interior
Heating Forced Air
Cooling Central
Exterior
Exterior Feature Block, Combination
Building
Sewer City
Water City
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Listed by Keller Williams Siouxland