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    3131 8Th St SW Altoona, IA 50009

    For Sale
    $1,690,000

    Restaurant with redevelopment potential, excellent visibility and access.

    Property size:
    4,760 SF
    Lot size:
    0.87 Acres

    Property Features for 3131 8Th St SW

    General Information

    Size
    4,760 SF
    Lot size
    0.87 Acres

    Source: Cushman & Wakefield Agent Christopher Stafford, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Altoona Restaurant with Redevelopment Potential

    The property presents redevelopment and/or conversion potential, enhanced building design and exterior features, and superior monument and building signage. It features excellent visibility and access. The existing restaurant includes a patio and pick-up window. There is potential to expand the lot with right-of-way acquisition of 25 feet depth along the south property line. The restaurant is currently open and operating, with the owner planning to downsize. The property size is 4,760 square feet and is located in Altoona, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hy-Vee Catering

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.5004022
    Latitude
    41.6446967

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    FAQs

    What type of property is this?
    Restaurant - Restaurant with redevelopment potential, excellent visibility and access.
    Where is this restaurant located?
    The property is located at 3131 8Th St SW Altoona, IA.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: - Excellent visibility and access; - Redevelopment and/or conversion potential; - Superior monument and building signage
    (515) 554-0999
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    3131 8Th St SW Altoona, IA 50009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3131 8Th St SW Altoona, IA 50009
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