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Merle Hay Rd/ Johnston, IA 50131

Sponsored
For Sale
$4,954,695

2.76 Acres, C-3 & M-2 Zoning, High Visibility

Description

Added:
Dec 11, 2024
Days on Market:
394
This exceptional 2.76-acre commercial land parcel presents a unique investment opportunity in Johnston, Iowa. Located at the intersection of Merle Hay Road and Northwest 54th Street, this property boasts a highly desirable C-3 and M-2 zoning designation, allowing for a wide range of commercial and mixed-use developments. The asking price is $4,954,695, translating to $1,791,230 per acre. Its strategic location offers unparalleled visibility and accessibility, situated just half a mile from the I-35/80 interchange, ensuring high traffic volume and convenient access for customers and employees. The area is already home to a thriving commercial landscape, with nearby businesses including Sonic Drive-In, Jimmy Johns, Pagliai's Pizza, Ignit Sports Complex, and LifeServe, creating a strong synergy and established customer base. Further enhancing its appeal is the proximity to a bike path on Johnston Drive, adding to the area's overall attractiveness and walkability. While the listing currently encompasses 2.76 acres, the seller is open to dividing the land into smaller parcels, ranging from approximately 0.44 to 7.58 acres, providing flexibility for various development scenarios. This prime location and versatile zoning make this property an ideal investment for developers seeking to capitalize on Johnston's robust economic growth and strategic location. The property's high visibility and proximity to major transportation arteries ensure maximum exposure and accessibility, making it an attractive proposition for a diverse range of commercial ventures.

Property Features for 0 Merle Hay Rd/

General Information

Property type
Land
Lot Size
120,226 SF

HighLights

  • 2.76‑acre commercial land parcel in Johnston, IA, at Merle Hay Rd & NW 54th St.
  • C‑3 & M‑2 zoning allows for diverse commercial and mixed‑use development.
  • $4,954,695 asking price ($1,791,230/acre).
  • High visibility and accessibility, 0.5 miles from I‑35/80 interchange.
  • Strong surrounding businesses including Sonic, Jimmy John's, Pagliai's, Ignit Sports Complex, and LifeServe.
  • Adjacent to a bike path on Johnston Drive.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Johnston
County
Polk
State
Iowa
Longitude
-93.7358031
Latitude
41.658342

FAQs

What type of property is this?
Land - 2.76 Acres, C-3 & M-2 Zoning, High Visibility
Where is this land located?
The property is located at Merle Hay Rd/ Johnston, IA.
What is the asking price?
The asking price for this property is $4,954,695.
What are key features of this property?
This property features: 2.76-acre commercial land parcel in Johnston, IA, at Merle Hay Rd & NW 54th St.; C-3 & M-2 zoning allows for diverse commercial and mixed-use development.; $4,954,695 asking price ($1,791,230/acre).
More about this property
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