5975 Carlson Way Marion, IA 52302
This exceptional 1.67-acre commercial lot is situated at the highly visible intersection of Highway 13 and Highway 151 in Marion, Iowa. Part of the thriving East Town Crossing development, this property boasts excellent co-tenancy with established national and regional brands including Pizza Ranch, Kwik Star, Pancheros, Jersey Mike's, Scooters Coffee, and Daisy's Garage. The lot is ideally suited for a retail or office building of approximately 13,000 square feet, though adaptable to various development plans. Utilities are conveniently located on-site and ready for immediate connection, streamlining the development process. This prime location benefits from significant traffic volume and is adjacent to a soon-to-open Holiday Inn Express & Suites, further enhancing its appeal and potential for high returns. The property's strategic placement within a mixed-use area, alongside a planned third residential apartment building with over 90 units, ensures a robust and growing customer base. The asking price for this exceptional opportunity is $950,000. The property's APN is 103345101800000. This is a rare chance to establish a business in a dynamic and rapidly expanding commercial hub.
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
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No recorded transactions found for this property.
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Risks
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