Property profile

1600 7Th St Newton, IA 50208

OFF-MARKET
Land
4.79 ac lot
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Property summary

AI-generated overview

This exceptional 4.79-acre commercial development parcel is strategically located in Newton, Iowa, boasting outstanding visibility from Interstate 80. The property enjoys a high traffic count of 30,700 vehicles per day (VPD), ensuring significant exposure for any development. Zoned M Residential (MR R3+), this versatile land offers opportunities for a range of commercial and multi-family projects. Its proximity to Newton High School, Brookfield Apartments, and Newton Community School District Athletic Facilities adds to its appeal. Furthermore, the site benefits from its convenient location near a variety of amenities, including Casey's, Culver's, Walgreens, Hy-Vee, Iowa Speedway, Newton Municipal Airport, and the YMCA of Newton. This prime location presents a rare opportunity for developers seeking high-visibility land with excellent access and strong community connections. The asking price for this exceptional property is $650,000. The address is 1600 W 7th St S, Newton, IA 50208. Don't miss this chance to acquire a highly desirable development site in a thriving Iowa community.

Property profile

Verified
Property type Land
Lot 4.79 ac (208,652 SF)

Cap rate & NOI

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

Location

1600 7Th St Newton, IA 50208
Newton metro
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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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