Property profile

877 29Th Ave Waverly, IA 50677

OFF-MARKET
Land
0.96 ac lot
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Property summary

AI-generated overview

This exceptional 0.96-acre commercial lot is situated in the heart of Waverly, Iowa's thriving commercial district. Located at 877 29th Ave SW, Waverly, IA 50677, this property boasts a highly desirable C-2 zoning designation, offering a wide range of development possibilities. Its prime location provides excellent visibility and accessibility, with high traffic counts ensured by its proximity to the Highway 218 interchange. The presence of numerous national retailers in the immediate vicinity further enhances the property's appeal and potential for significant return on investment. The land is priced at $14 per square foot, representing a compelling opportunity for developers and investors seeking a strategic foothold in a dynamic market. This exceptional location offers unparalleled signage opportunities, maximizing exposure for any future business. The lot's size allows for substantial development, catering to a variety of commercial ventures. Don't miss this chance to acquire a premier commercial property in a rapidly growing area. This is a rare opportunity to secure a highly visible and strategically located parcel in a bustling commercial hub. The asking price for this exceptional property is $14,000,000.

Property profile

Verified
Property type Land
Lot 0.96 ac (41,818 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

877 29Th Ave Waverly, IA 50677
Waverly metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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