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    2274 63 Highway N

    Oskaloosa, IA 52577
    • $695,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 614720
    $695,000
    • 0
      BEDS
    • 2.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,463
      SQFT
    • $82
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    The Peppertree is an Oskaloosa landmark, hosting loyal customers for 14 years under current ownership. This business has thrived, and doubled profits year-over-year for the past three years. Success and attention to detail has been of primary focus for the owner, and the result is a turn-key opportunity. The owner has a reputation for fine food that is second-to-none and 30+ years in development of the menu. Open just 26 hours per week, the revenues are outstanding, but as you can see there is also the possibility of expansion. The restaurant hosts many parties and events, and also offers exceptional catering. The building offers a formal atmosphere for guests, as well as a more casual bar side. The banquet facility can accommodate 250+. There is a large outdoor seating area. Parking in the oversized lot is never an issue for events. This is a gem of an opportunity for a buyer looking to make waves in the hospitality industry. We have local lenders waiting to meet the right owner.

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    © 2020 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2020-10-25T00:21:57.04.
    www.penniecarroll.com/homes/110379886
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    2274 63 Highway N Oskaloosa, IA 52577

    • Price: $695,000
    • Status: Active
    • MLS #: 614720
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.77
    Acres
    8,463
    SQFT
    $82
    $/SQFT
    1972
    Built
    Neighborhood:
    Oskaloosa
    County:
    Mahaska
    Area:
    Oskaloosa
    School District:
    Oskaloosa
    Property Description
    The Peppertree is an Oskaloosa landmark, hosting loyal customers for 14 years under current ownership. This business has thrived, and doubled profits year-over-year for the past three years. Success and attention to detail has been of primary focus for the owner, and the result is a turn-key opportunity. The owner has a reputation for fine food that is second-to-none and 30+ years in development of the menu. Open just 26 hours per week, the revenues are outstanding, but as you can see there is also the possibility of expansion. The restaurant hosts many parties and events, and also offers exceptional catering. The building offers a formal atmosphere for guests, as well as a more casual bar side. The banquet facility can accommodate 250+. There is a large outdoor seating area. Parking in the oversized lot is never an issue for events. This is a gem of an opportunity for a buyer looking to make waves in the hospitality industry. We have local lenders waiting to meet the right owner.
    Exterior Features

    Construction Materials Metal Siding Foundation Details Poured Road Surface Type Asphalt Roof Metal

    Interior Features

    Cooling Central Air Fireplace Features Fireplace Screen Flooring CarpetHardwood Heating Forced AirGasNatural Gas Heating YN Yes Interior Features Wet BarFireplace

    Property Features

    Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 2.77 Security Features Security SystemFire AlarmSmoke Detector(S) Sewer Public Sewer Tax Annual Amount 7180 Tax Year 2019 Water Source Public Zoning Comm

    Listing provided courtesy of Re/Max Pride-Oskalossa. © 2020 Des Moines Multiple Listing Service.
    © 2020 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2020-10-25T00:21:57.04.
     
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    Pennie Carroll & Associates
    3232 Hubbell Ave
    Des Moines IA, 50317