877 29Th Ave Waverly, IA 50677
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.