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    2500 1St Ave Altoona, IA 50009

    For Sale
    $3,046,151

    Prime Altoona location, owner will subdivide. All utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 338,461 square foot commercial land parcel, located at 2500 1st Ave S in Altoona, Iowa (zip code 50009), presents a unique development opportunity. Zoned C-2, this property offers significant potential for a variety of commercial uses. The asking price is $3,046,151, translating to a land value of $9 per square foot. A key advantage is the owner's willingness to subdivide the land, allowing for flexibility in development plans and potential for multiple buyers. All utilities are either on-site or readily accessible, simplifying the development process. The property benefits from a highly visible location at a lighted intersection, ensuring excellent exposure for any future business. Situated in the heart of Altoona, this land parcel is ideally positioned to capitalize on the area's growing residential population, which presents a strong demand for additional restaurants and services. This is a rare opportunity to acquire a strategically located commercial property in a thriving Iowa community. The property's size, zoning, and accessibility make it an attractive investment for developers and entrepreneurs seeking to establish a presence in this dynamic market.

    Property Features for 2500 1St Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic Daycare Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.4646117
    Latitude
    41.6371192

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    FAQs

    What type of property is this?
    Land - Prime Altoona location, owner will subdivide. All utilities available.
    Where is this land located?
    The property is located at 2500 1St Ave Altoona, IA.
    What is the asking price?
    The asking price for this property is $3,046,151.
    (515) 460-0624
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    2500 1St 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
    2500 1St Ave Altoona, IA 50009
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