309 W Adams St, Creston, IA 50801

Property Description

Mixed-use investment opportunity with multiple income streams and value-add potential! The main level features a 7,442 sq ft former movie theater with 162 seats, flanked by two vacant retail storefronts ready for lease-up or owner-occupancy. Existing theater projection and sound equipment are in place (untested), offering a unique redevelopment or entertainment concept opportunity. Above the theater, eight furnished hotel-style rooms each offer private baths, mini-split heating and cooling, and internet access. Currently 6 of 8 rooms are rented at $825/month, providing immediate income with upside through full occupancy. Additional highlights include free city parking conveniently located across the street and flexible space configurations ideal for a variety of commercial uses. With vacant retail spaces and underutilized theater potential, this property presents a strong opportunity for investors seeking to increase cash flow and maximize returns.