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    OFF-MARKET
    Land

    3 Westgate Business Park, Mason City, IA 50401

    1.24 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.24-acre agricultural land parcel presents a compelling investment opportunity in the desirable Westgate Business Park, located on the southwest side of Mason City, Iowa. Situated at Lot 3, Westgate Business Park, Mason City, IA 50401 (43.1535728, -93.2010367), this property offers significant potential for various development projects. The asking price is $110,000. The land's prime location on the southwest side of town provides excellent accessibility and visibility. Its agricultural classification opens doors to a range of uses, subject to local zoning regulations. The expansive 1.24 acres provide ample space for creative development plans. This is a rare chance to acquire a strategically positioned parcel in a growing area, making it an attractive prospect for both seasoned investors and those seeking a promising land investment. The property's address is clearly defined as Lot 3 within the Westgate Business Park, ensuring easy identification and access. Prospective buyers are encouraged to conduct their own due diligence regarding zoning and permitted uses. This property is being offered at $110,000 and presents a unique opportunity for development. The zip code is 50401.

    Property profile
    Verified
    Property type Land
    Lot 1.24 ac (54,014 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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