Transitional Farmland in Newton,
For Sale
Contact for pricing
Hwy F48 W, Newton, IA 50208
Farmland on Newton's edge, ideal for development or continued farming.
Property SizeContact for details
Days on Market631
Property Features for Hwy F48 W
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
CBRE - Des Moines
(515) 210-3050
Listed By:
Chris Pendroy, CCIM, SIOR · License #IA S38959000
Source:
Crexi
Added: Nov 18, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines
Investment Insights
Based on property information with market context.
This property represents a unique opportunity to acquire transitional farmland situated on the western edge of Newton, Iowa, within Jasper County and adjacent to the Newton city limits, making annexation a likely prospect. A city sewer sanitary line is conveniently located along the west side of the property, facilitating easy connection. The land features a rolling topography and trees, presenting an ideal setting for a subdivision with privacy lots and scenic views. A concept plan illustrates the potential for 66 lots, ranging in size from 0.92 to 3.54 acres, suitable for in-town acreages. The land can be used for continued farming or is ready for development. It is suitable for a 1031 exchange or a developer interested in lot sales within a vibrant bedroom community of Des Moines.
Key Highlights
- Development potential: Concept plan for 66 large lots (0.92 to 3.54 acres).
- Convenient sewer access: City sewer line on the West side for easy connection.
- Prime location: On the Western edge of Newton, Iowa, likely for annexation.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 50208, IA
20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Farmland on Newton's edge, ideal for development or continued farming.
Where is this agricultural land / farmland located?
The property is located at Hwy F48 W Newton, IA.
What are key features of this property?
This property features: Development potential: Concept plan for 66 large lots (0.92 to 3.54 acres).; Convenient sewer access: City sewer line on the West side for easy connection.; Prime location: On the Western edge of Newton, Iowa, likely for annexation.
