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    1st Ave & 24 St Altoona, IA 50009

    For Sale
    Contact for pricing

    7.77 Acres, C-2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 7.77-acre commercial land parcel presents a unique investment opportunity in the thriving city of Altoona, Iowa. Located at the highly visible intersection of 1st Ave & 24th St SW, this property boasts a C-2 zoning designation, opening doors to a wide range of commercial development possibilities. The land is priced at $9 per square foot, representing a compelling value in this rapidly growing area. All utilities are either readily available to the site or the owner will divide them. The site benefits from a lighted intersection, ensuring high visibility and accessibility for potential businesses. Altoona's burgeoning residential population creates a strong demand for additional restaurants and services, making this location ideally suited to meet this growing need. Situated in the heart of Altoona, this property offers unparalleled access to a robust consumer base and excellent infrastructure. The property's size and zoning provide ample flexibility for developers seeking to create a variety of commercial projects. This is a rare opportunity to acquire a strategically located parcel in a dynamic market. The address is 1st Ave & 24th St SW, Altoona, IA 50009, within Polk County.

    Property Features for 1st Ave & 24 St

    General Information

    Property type
    Land
    Lot Size
    338,461 SF

    HighLights

    • Owner will consider subdividing the property.
    • All utilities are on‑site or readily available for connection.
    • High‑visibility location at a lighted intersection.
    • Prime Altoona location.
    • Strong demand for restaurants and services due to a growing residential population.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.46466
    Latitude
    41.6296647

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    FAQs

    What type of property is this?
    Land - 7.77 Acres, C-2 Zoning, Prime Location
    Where is this land located?
    The property is located at 1st Ave & 24 St Altoona, IA.
    What are key features of this property?
    This property features: Owner will consider subdividing the property.; All utilities are on-site or readily available for connection.; High-visibility location at a lighted intersection.
    (515) 460-0624
    Request Owner's contact information
    1st Ave & 24 St Altoona, IA 50009
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    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
    1st Ave & 24 St Altoona, IA 50009
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