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    8th 14Th Ave Altoona, IA 50009

    For Sale
    $427,541

    1.51 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.51-acre commercial land parcel presents a unique investment opportunity in Altoona, Iowa. Located at the intersection of SW 8th Street and 14th Avenue SE, zip code 50009, this property boasts a prime location within a planned residential community, ensuring high visibility and accessibility. Its strategic adjacency to the Edencrest Senior Community guarantees a built-in customer base and strong potential for synergistic business ventures. The site is fully serviced, with existing utilities and streets already in place, significantly reducing development costs and timelines. A build-to-suit option is available, offering flexibility to tailor the development to specific business needs. The property's versatility makes it ideal for a wide range of commercial uses, including but not limited to convenience stores, restaurants, bars, offices, retail spaces, medical or dental clinics, veterinary practices, and specialty businesses. Furthermore, the future construction of a SE Polk school directly adjacent to the property promises sustained growth and increased foot traffic, enhancing the long-term value of this investment. This is a rare opportunity to acquire a well-located, fully serviced commercial lot in a thriving community, poised for significant future appreciation. The asking price is $427,541.

    Property Features for 8th 14Th Ave

    General Information

    Property type
    Land
    Lot Size
    65,776 SF

    HighLights

    • Development land in a planned residential community.
    • Adjacent to Edencrest senior living facility.
    • Utilities and streets are available on‑site.
    • Build‑to‑suit options available.
    • Excellent location for supporting residential uses, including retail, restaurants, medical, and other service businesses.
    • Future Polk County elementary school planned adjacent to the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.469246
    Latitude
    41.644632

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    FAQs

    What type of property is this?
    Land - 1.51 Acres, Prime Development Site
    Where is this land located?
    The property is located at 8th 14Th Ave Altoona, IA.
    What is the asking price?
    The asking price for this property is $427,541.
    What are key features of this property?
    This property features: Development land in a planned residential community.; Adjacent to Edencrest senior living facility.; Utilities and streets are available on-site.
    (515) 415-6097
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    8th 14Th Ave 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
    8th 14Th Ave Altoona, IA 50009
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